NFI Group (TSE:NFI) Insider Acquires 1,050 Shares of Stock

NFI Group Inc. (TSE:NFI) insider Stephen King acquired 1,050 shares of the stock in a transaction dated Thursday, June 25th. The shares were bought at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the transaction, the insider owned 5,512 shares in the company, valued at approximately C$131,461.20. This represents a 23.53% increase in their position.

Stephen King also recently made the following trade(s):

• On Monday, May 25th, Stephen King purchased 665 shares of NFI Group stock. The shares were purchased at an average price of C$22.70 per share, for a total transaction of C$15,095.50.

NFI Group Price Performance

NFI stock traded up C$0.34 during mid-day trading on Friday, hitting C$23.84. 127,909 shares of the stock were exchanged, compared to its average volume of 331,091. The business has a fifty day moving average price of C$21.84 and a 200 day moving average price of C$18.71. NFI Group Inc. has a 12 month low of C$12.50 and a 12 month high of C$24.06. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. The stock has a market capitalization of C$2.84 billion, a price-to-earnings ratio of -22.86, a PEG ratio of -0.07 and a beta of 0.24.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NFI shares. TD lifted their target price on shares of 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. Canaccord Genuity Group raised NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce lifted their price objective on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Scotiabank increased their target price 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. Finally, Stifel Nicolaus raised their price target on NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target 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¿.