Brokerages Set NFI Group Inc. (TSE:NFI) PT at C$25.00

NFI Group Inc. (TSE:NFI) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$25.00.

NFI has been the subject of a number of recent analyst reports. National Bank Financial upped their price objective on NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce raised their target price on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. 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 report on Monday, May 11th. Stifel Nicolaus boosted their target price 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. Finally, Canaccord Genuity Group raised NFI Group to a “strong-buy” rating in a research note on Monday, June 1st.

Insider Buying and Selling at NFI Group

In other news, Director Colin Robertson acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of C$20.82 per share, for a total transaction of C$312,300.00. Following the completion of the acquisition, the director owned 333,783 shares in the company, valued at C$6,949,362.06. This trade represents a 4.71% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 2,500 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of C$20.66 per share, with a total value of C$51,650.00. Following the purchase, the director directly owned 20,653 shares of the company’s stock, valued at approximately C$426,690.98. This represents a 13.77% increase in their position. Insiders have purchased 242,015 shares of company stock worth $5,025,732 over the last ninety days. 0.62% of the stock is owned by corporate insiders.

NFI Group Price Performance

NFI opened at C$25.77 on Thursday. The company has a fifty day moving average price of C$22.73 and a two-hundred day moving average price of C$19.66. 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 has a 52 week low of C$12.50 and a 52 week high of C$25.86. The firm has a market capitalization of C$3.07 billion, a PE ratio of -24.71, a P/E/G ratio of -0.07 and a beta of 0.14.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.The company had revenue of C$1.17 billion for the quarter. As a group, analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current year.

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¿.