NFI Group (TSE:NFI) Sets New 52-Week High on Analyst Upgrade

Shares of NFI Group Inc. (TSE:NFI) reached a new 52-week high during mid-day trading on Thursday after National Bank Financial raised their price target on the stock from C$26.00 to C$29.00. National Bank Financial currently has an outperform rating on the stock. NFI Group traded as high as C$25.86 and last traded at C$25.77, with a volume of 291555 shares. The stock had previously closed at C$25.07.

Other analysts have also recently issued research reports about the company. Scotiabank upped their price objective on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research note on Monday, May 11th. TD lifted 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. Stifel Nicolaus boosted their price target 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 upped their price target on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Finally, Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$25.38.

Insider Buying and Selling at NFI Group

In other NFI Group news, Director John Christopher Sapp bought 2,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of C$20.66 per share, with a total value of C$51,650.00. Following the completion of the acquisition, the director directly owned 20,653 shares of the company’s stock, valued at approximately C$426,690.98. The trade was a 13.77% increase in their position. Also, Director Adam L. Gray bought 5,200 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of C$22.55 per share, with a total value of C$117,260.00. Following the completion of the purchase, the director owned 25,556,415 shares of the company’s stock, valued at C$576,297,158.25. This trade represents a 0.02% increase in their ownership of the stock. Over the last quarter, insiders have purchased 242,015 shares of company stock worth $5,025,732. 0.62% of the stock is owned by company insiders.

NFI Group Trading Down 0.6%

The firm has a market cap of C$3.04 billion, a P/E ratio of -24.46, a P/E/G ratio of -0.07 and a beta of 0.14. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25. The firm has a fifty day moving average of C$22.89 and a 200-day moving average of C$19.77.

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

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¿.