Analysts Set NFI Group Inc. (TSE:NFI) Price Target at C$25.00

NFI Group Inc. (TSE:NFIGet Free Report) has been given an average rating of “Buy” by the nine research firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$25.00.

NFI has been the subject of several recent analyst reports. ATB Cormark Capital Markets raised their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Canadian Imperial Bank of Commerce raised their price objective on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. National Bank Financial raised their price objective on shares of NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Stifel Nicolaus raised their price objective on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, TD raised their price objective on shares of 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.

Read Our Latest Analysis on NFI

Insider Activity at NFI Group

In other news, Director Adam L. Gray bought 5,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of C$22.55 per share, for a total transaction of C$117,260.00. Following the acquisition, the director directly owned 25,556,415 shares in the company, valued at approximately C$576,297,158.25. This trade represents a 0.02% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of C$20.66 per share, for a total transaction of C$51,650.00. Following the completion of the acquisition, the director owned 20,653 shares in the company, valued at C$426,690.98. This represents a 13.77% increase in their ownership of the stock. In the last quarter, insiders purchased 240,965 shares of company stock worth $5,000,690. Corporate insiders own 0.62% of the company’s stock.

NFI Group Stock Performance

NFI stock opened at C$22.69 on Friday. The firm has a market cap of C$2.70 billion, a PE ratio of -21.76, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24. NFI Group has a 1-year low of C$12.50 and a 1-year high of C$24.00. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. The stock has a 50-day moving average price of C$21.62 and a 200-day moving average price of C$18.41.

NFI Group (TSE:NFIGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. The company had revenue of C$1.17 billion during the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. As a group, equities research analysts expect that NFI Group will post 1.2814107 earnings per share for the current year.

NFI Group Company Profile

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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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Analyst Recommendations for NFI Group (TSE:NFI)

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