Insider Buying: NFI Group (TSE:NFI) Director Purchases C$519,000.00 in Stock

NFI Group Inc. (TSE:NFI) Director Daniel Barclay purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of C$20.76 per share, for a total transaction of C$519,000.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at C$1,038,000. This trade represents a 100.00% increase in their position.

NFI Group Price Performance

Shares of TSE:NFI traded up C$0.12 during midday trading on Thursday, reaching C$21.12. 91,516 shares of the company’s stock traded hands, compared to its average volume of 354,266. The company has a fifty day simple moving average of C$19.31 and a two-hundred day simple moving average of C$16.79. NFI Group Inc. has a 1 year low of C$12.50 and a 1 year high of C$21.98. The company has a market cap of C$2.52 billion, a P/E ratio of -20.26, a PEG ratio of -0.07 and a beta of 0.01. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25.

NFI Group (TSE:NFI) last released its earnings results on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The business had revenue of C$1.17 billion during the quarter. Equities analysts predict that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD raised their target price on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday. ATB Cormark Capital Markets lifted their target price on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Canadian Imperial Bank of Commerce lifted their price target on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday. TD Securities upgraded NFI Group to a “strong-buy” rating in a report on Friday, January 30th. Finally, Scotiabank raised their target price on NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research note on Monday. Two 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, NFI Group presently has a consensus rating of “Buy” and an average target price of C$25.00.

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¿.