Stifel Nicolaus Issues Positive Forecast for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI) had its target price upped by equities research analysts at Stifel Nicolaus from C$31.00 to C$34.00 in a research note issued on Monday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s target price suggests a potential upside of 40.15% from the company’s previous close.

NFI has been the topic of several other reports. National Bank Financial raised their target price on shares of NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. TD cut their price objective on NFI Group from C$33.00 to C$32.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Canaccord Genuity Group lifted their price target on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 10th. BMO Capital Markets increased their price objective on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Finally, Scotiabank increased their price objective on NFI Group from C$28.50 to C$29.50 and gave the stock a “sector outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$30.94.

NFI Group Price Performance

NFI stock traded up C$0.01 during midday trading on Monday, reaching C$24.26. 456,760 shares of the company’s stock traded hands, compared to its average volume of 313,484. The company has a 50-day simple moving average of C$24.61 and a two-hundred day simple moving average of C$21.95. 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 has a 1-year low of C$12.81 and a 1-year high of C$27.37. The company has a market cap of C$2.89 billion, a price-to-earnings ratio of 53.53, a PEG ratio of -0.07 and a beta of 0.20.

NFI Group (TSE:NFI) last released its earnings results on Thursday, November 5th. The company reported C$0.39 EPS for the quarter. The company had revenue of C$1.43 billion during the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. On average, analysts anticipate that NFI Group will post 1.28 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Colin Robertson purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was purchased at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the completion of the purchase, the director owned 343,783 shares in the company, valued at approximately C$7,752,306.65. This trade represents a 3.00% increase in their position. Also, Director John Christopher Sapp acquired 1,900 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the acquisition, the director directly owned 27,243 shares of the company’s stock, valued at approximately C$677,805.84. This trade represents a 7.50% increase in their position. Insiders have purchased a total of 16,995 shares of company stock valued at $396,102 over the last ninety days. 0.62% of the stock is 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¿.