NFI Group Inc. (TSE:NFI) Stock Rated “Buy” by Sell-Side Brokerages

Shares of NFI Group Inc. (TSE:NFI) have received a consensus rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$30.94.

A number of equities analysts have recently issued reports on NFI shares. BMO Capital Markets upped their price objective on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. TD decreased their price objective on NFI Group from C$33.00 to C$32.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. ATB Cormark Capital Markets boosted their target price on NFI Group from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Monday. Stifel Nicolaus boosted their target price on NFI Group from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Canaccord Genuity Group upped their target price on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, August 10th.

NFI Group Stock Up 1.2%

Shares of TSE:NFI opened at C$24.54 on Wednesday. The firm has a market capitalization of C$2.92 billion, a PE ratio of 54.15, a price-to-earnings-growth ratio of -0.07 and a beta of 0.20. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. NFI Group has a 52-week low of C$12.81 and a 52-week high of C$27.37. The firm has a fifty day moving average of C$24.67 and a 200 day moving average of C$22.02.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.39 earnings per share for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. The business had revenue of C$1.43 billion for the quarter. As a group, research analysts anticipate that NFI Group will post 1.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other NFI Group news, Director Colin Robertson purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were purchased at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the completion of the purchase, the director owned 343,783 shares of the company’s stock, valued at C$7,752,306.65. The trade was a 3.00% increase in their position. Also, Director John Christopher Sapp acquired 1,900 shares of the stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of C$24.88 per share, with a total value of C$47,272.00. Following the completion of the acquisition, the director owned 27,243 shares in the company, valued at approximately C$677,805.84. The trade was a 7.50% increase in their position. Over the last ninety days, insiders have acquired 15,150 shares of company stock valued at $348,612. 0.62% of the stock is currently owned by corporate insiders.

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¿.