Insider Buying: NFI Group (TSE:NFI) Director Acquires 5,200 Shares of Stock

NFI Group Inc. (TSE:NFI) Director Adam Gray bought 5,200 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of C$22.55 per share, with a total value of C$117,260.00. Following the completion of the transaction, the director owned 25,556,415 shares in the company, valued at approximately C$576,297,158.25. This trade represents a 0.02% increase in their position.

NFI Group Trading Up 0.5%

Shares of TSE:NFI traded up C$0.11 on Tuesday, hitting C$22.96. The company had a trading volume of 179,932 shares, compared to its average volume of 349,960. The firm’s 50-day simple moving average is C$20.16 and its two-hundred day simple moving average is C$17.25. NFI Group Inc. has a 1 year low of C$12.50 and a 1 year high of C$23.00. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. The firm has a market capitalization of C$2.73 billion, a price-to-earnings ratio of -22.02, a P/E/G ratio of -0.07 and a beta of 0.01.

NFI Group (TSE:NFI) last posted 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 firm had revenue of C$1.17 billion during the quarter. Equities analysts anticipate that NFI Group Inc. will post 1.2814107 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFI has been the subject of several research reports. Scotiabank increased their price target on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 11th. National Bank Financial increased 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 note on Monday, May 11th. Stifel Nicolaus increased their price target on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. Finally, ATB Cormark Capital Markets increased their price target 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. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target 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¿.