NFI Group (TSE:NFI) Announces Quarterly Earnings Results

NFI Group (TSE:NFI) issued its quarterly earnings data on Thursday. The company reported C$0.39 earnings per share (EPS) for the quarter, reports. The firm had revenue of C$1.43 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%.

NFI Group Stock Down 1.3%

NFI stock opened at C$26.04 on Friday. NFI Group has a 52 week low of C$12.50 and a 52 week high of C$26.94. The business has a 50-day simple moving average of C$24.58 and a 200 day simple moving average of C$21.91. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. The company has a market cap of C$3.10 billion, a PE ratio of 57.46, a price-to-earnings-growth ratio of -0.07 and a beta of 0.20.

Wall Street Analysts Forecast Growth

NFI has been the topic of several research reports. BMO Capital Markets upped their target price on NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Scotiabank set a C$28.50 target price on NFI Group and gave the stock a “sector outperform” rating in a research note on Thursday, October 15th. ATB Cormark Capital Markets lifted their price target on NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Canaccord Genuity Group boosted their price target on 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. Finally, National Bank Financial boosted their price target on 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. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat, NFI Group presently has an average rating of “Buy” and a consensus target price of C$30.39.

Insider Activity

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

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¿.