National Bankshares Cuts NFI Group (TSE:NFI) Price Target to C$22.00

NFI Group (TSE:NFI) had its price target trimmed by National Bankshares from C$23.00 to C$22.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also commented on NFI. Stifel Nicolaus increased their price target on shares of NFI Group from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. BMO Capital Markets upgraded shares of NFI Group from a “hold” rating to a “strong-buy” rating and increased their price target for the company from C$14.00 to C$23.00 in a research note on Thursday, July 17th. CIBC dropped their price target on shares of NFI Group from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Scotiabank decreased their target price on NFI Group from C$23.00 to C$22.00 in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$22.67.

NFI Group Price Performance

Shares of TSE NFI opened at C$15.62 on Monday. NFI Group has a 1-year low of C$9.83 and a 1-year high of C$19.90. The company has a market cap of C$1.86 billion, a price-to-earnings ratio of -11.42, a price-to-earnings-growth ratio of -0.07 and a beta of 0.75. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The stock’s 50-day moving average is C$18.24 and its two-hundred day moving average is C$15.76.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.