NFI Group (TSE:NFI) Reaches New 1-Year High – Time to Buy?

NFI Group Inc. (TSE:NFI)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$24.55 and last traded at C$24.46, with a volume of 69185 shares. The stock had previously closed at C$24.07.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NFI shares. Scotiabank increased their price target on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a report on Monday, May 11th. TD lifted their price objective on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. 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 research report on Tuesday, May 12th. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. Finally, National Bank Financial raised their price target 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. Three equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$25.00.

NFI Group Trading Up 1.0%

The company has a market cap of C$2.90 billion, a price-to-earnings ratio of -23.32, a price-to-earnings-growth ratio of -0.07 and a beta of 0.14. The firm has a 50-day moving average price of C$22.43 and a 200 day moving average price of C$19.40. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05.

NFI Group (TSE:NFI) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.The business had revenue of C$1.17 billion during the quarter. As a group, sell-side analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current year.

Insider Activity at NFI Group

In other NFI Group news, Director John Christopher Sapp purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of C$20.66 per share, with a total value of C$51,650.00. Following the acquisition, the director owned 20,653 shares of the company’s stock, valued at approximately C$426,690.98. This represents a 13.77% increase in their position. Also, insider Stephen King purchased 1,050 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the acquisition, the insider directly owned 5,512 shares in the company, valued at approximately C$131,461.20. This trade represents a 23.53% increase in their position. Insiders acquired 242,015 shares of company stock valued at $5,025,732 in the last ninety days. 0.62% of the stock is owned by 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¿.