NFI Group Inc. (TSE:NFI – Get Free Report)’s share price hit a new 52-week high on Friday . The stock traded as high as C$22.17 and last traded at C$22.12, with a volume of 240862 shares trading hands. The stock had previously closed at C$20.75.
Wall Street Analysts Forecast Growth
NFI has been the subject of several recent research reports. Stifel Nicolaus upped their target price on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce boosted their price objective on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. TD upped their target price on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Scotiabank upped their target price on NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 11th. Finally, TD Securities upgraded NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$25.00.
Read Our Latest Analysis on NFI Group
NFI Group Stock Performance
NFI Group (TSE:NFI – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share (EPS) for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The company had revenue of C$1.17 billion for the quarter. Analysts expect that NFI Group Inc. will post 1.2814107 EPS for the current year.
Insider Buying and Selling at NFI Group
In related news, Director Daniel Barclay purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of C$20.76 per share, with a total value of C$519,000.00. Following the completion of the purchase, the director owned 50,000 shares of the company’s stock, valued at C$1,038,000. The trade was a 100.00% increase in their position. Also, Director John Christopher Sapp purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the completion of the purchase, the director directly owned 20,653 shares of the company’s stock, valued at C$426,690.98. The trade was a 13.77% increase in their position. Insiders have bought a total of 53,500 shares of company stock valued at $1,112,030 in the last three months. 0.62% of the stock is currently 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¿.
Read More
- Five stocks we like better than NFI Group
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for NFI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NFI Group and related companies with MarketBeat.com's FREE daily email newsletter.
