NFI Group (TSE:NFI – Get Free Report) released its earnings results on Thursday. The company reported C$0.39 earnings per share for the quarter, reports. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. The business had revenue of C$1.43 billion for the quarter.
NFI Group Price Performance
Shares of TSE NFI traded down C$0.35 during midday trading on Thursday, reaching C$26.04. 292,234 shares of the company traded hands, compared to its average volume of 305,182. The firm has a market cap of C$3.10 billion, a PE ratio of 57.46, a PEG ratio of -0.07 and a beta of 0.20. The stock’s 50-day simple moving average is C$24.50 and its 200-day simple moving average is C$21.86. NFI Group has a 12 month low of C$12.50 and a 12 month high of C$26.94. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18.
Analysts Set New Price Targets
Several research analysts recently commented on the company. ATB Cormark Capital Markets raised their target price on NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. BMO Capital Markets boosted their price target on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. Scotiabank set a C$28.50 price objective on shares of NFI Group and gave the company a “sector outperform” rating in a research note on Thursday, October 15th. 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 report on Monday, August 10th. Finally, Canaccord Genuity Group lifted their target price on shares of NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$30.39.
Get Our Latest Stock Analysis on NFI Group
Insider Activity
In other news, Director Colin Robertson bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the transaction, the director directly owned 343,783 shares of the company’s stock, valued at C$7,752,306.65. This trade represents a 3.00% increase in their position. Also, insider Brian Keith Dewsnup purchased 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average cost of C$23.29 per share, with a total value of C$46,580.00. Following the completion of the acquisition, the insider directly owned 75,610 shares in the company, valued at C$1,760,956.90. The trade was a 2.72% increase in their ownership of the stock. In the last quarter, insiders have bought 16,995 shares of company stock worth $396,102. Corporate insiders own 0.62% of the company’s stock.
About NFI Group
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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