NFI Group Inc. (NFI.TO) – What Are Investment Firms Thinking About This Stock?

NFI Group Inc. (TSE:NFI) has earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$30.50.

A number of analysts recently commented on NFI shares. Scotiabank set a C$28.50 price objective on NFI Group and gave the stock a “sector outperform” rating in a research report on Thursday. Canaccord Genuity Group boosted their target price on shares of NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, August 10th. TD upped their target price on shares of NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a report on Monday, August 10th. Stifel Nicolaus upped their target price on shares of NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, BMO Capital Markets raised their price target on shares of NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th.

Insider Activity

In other news, insider Brian Keith Dewsnup bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average price of C$23.29 per share, for a total transaction of C$46,580.00. Following the completion of the transaction, the insider owned 75,610 shares in the company, valued at C$1,760,956.90. The trade was a 2.72% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 1,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the transaction, the director owned 27,243 shares of the company’s stock, valued at C$677,805.84. The trade was a 7.50% increase in their position. Insiders bought a total of 16,995 shares of company stock valued at $396,102 over the last 90 days. Insiders own 0.62% of the company’s stock.

NFI Group Stock Performance

NFI Group stock opened at C$25.32 on Friday. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The company has a market capitalization of C$3.02 billion, a price-to-earnings ratio of 55.87, a PEG ratio of -0.07 and a beta of 0.24. The stock has a fifty day moving average of C$24.10 and a two-hundred day moving average of C$23.06. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) 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. On average, analysts anticipate that NFI Group will post 1.28 EPS for the current fiscal year.

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¿.