NFI Group Inc. (TSE:NFI – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$26.60 and last traded at C$26.57, with a volume of 122,345 shares. The stock had previously closed at C$25.96.
Wall Street Analyst Weigh In
A number of research firms have commented on NFI. BMO Capital Markets upped their price objective on shares of NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. TD cut their price target on shares of NFI Group from C$33.00 to C$32.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. National Bank Financial boosted their price target on shares of NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, August 10th. ATB Cormark Capital Markets upped their price target on shares of NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, Stifel Nicolaus raised their price objective on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, NFI Group currently has an average rating of “Buy” and an average target price of C$30.39.
View Our Latest Stock Report on NFI Group
NFI Group Price Performance
The stock has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 59.09, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. The stock has a 50-day simple moving average of C$24.42 and a 200 day simple moving average of C$21.82.
NFI Group (TSE:NFI – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$1.46 billion for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. On average, equities research analysts forecast that NFI Group Inc. will post 1.28 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director John Christopher Sapp acquired 1,900 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the purchase, the director owned 27,243 shares in the company, valued at C$677,805.84. This represents a 7.50% increase in their ownership of the stock. Also, Director Colin Robertson bought 10,000 shares of the business’s stock in a transaction on Friday, August 28th. The stock was bought at an average price of C$22.55 per share, with a total value of C$225,500.00. Following the transaction, the director owned 343,783 shares in the company, valued at approximately C$7,752,306.65. This represents a 3.00% increase in their ownership of the stock. Over the last three months, insiders purchased 16,995 shares of company stock worth $396,102. 0.62% of the stock is owned by company insiders.
NFI Group Company Profile
Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.
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