Insider Buying: NFI Group (TSE:NFI) Insider Purchases C$15,095.50 in Stock

NFI Group Inc. (TSE:NFI) insider Stephen King bought 665 shares of the stock in a transaction dated Monday, May 25th. The stock was purchased at an average cost of C$22.70 per share, for a total transaction of C$15,095.50. Following the acquisition, the insider owned 4,462 shares of the company’s stock, valued at approximately C$101,287.40. This represents a 17.51% increase in their ownership of the stock.

NFI Group Stock Up 1.4%

Shares of TSE:NFI opened at C$23.29 on Thursday. The company has a market cap of C$2.77 billion, a price-to-earnings ratio of -22.34, a PEG ratio of -0.07 and a beta of 0.01. The firm’s 50-day simple moving average is C$20.27 and its 200-day simple moving average is C$17.32. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. NFI Group Inc. has a fifty-two week low of C$12.50 and a fifty-two week high of C$23.35.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. The business had revenue of C$1.17 billion for 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 predict that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on NFI. Stifel Nicolaus lifted their target price on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. TD lifted their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th. ATB Cormark Capital Markets lifted their target price on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, March 13th. TD Securities raised shares of NFI Group to a “strong-buy” rating in a report on Friday, January 30th. Finally, National Bank Financial lifted their target price on shares of NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued 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$25.00.

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¿.