Insider Buying: NFI Group (TSE:NFI) Director Buys C$225,500.00 in Stock

NFI Group Inc. (TSE:NFI) Director Colin Robertson purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the transaction, the director directly 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.

NFI Group Stock Up 1.4%

Shares of NFI opened at C$23.25 on Thursday. NFI Group Inc. has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The company’s fifty day moving average is C$24.31 and its two-hundred day moving average is C$21.59. The firm has a market cap of C$2.77 billion, a PE ratio of 51.30, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, August 6th. The company reported C$0.33 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$1.46 billion for the quarter. Analysts forecast that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NFI shares. ATB Cormark Capital Markets lifted their price objective on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Canaccord Genuity Group raised their price objective 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. National Bank Financial boosted their target price on shares of NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. BMO Capital Markets increased their target price on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. Finally, Scotiabank raised their price target on NFI Group from C$27.00 to C$28.50 and gave the stock a “sector outperform” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$30.50.

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¿.