NFI Group (TSE:NFI) Price Target Raised to C$25.00

NFI Group (TSE:NFI) had its price target raised by analysts at Scotiabank from C$24.50 to C$25.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 21.83% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a report on Friday, January 30th. Stifel Nicolaus raised their target price on shares of NFI Group from C$23.00 to C$25.50 and gave the company a “buy” rating in a report on Friday, May 1st. TD raised their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday. ATB Cormark Capital Markets raised their target price on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Finally, National Bank Financial dropped their target price on shares of NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, NFI Group currently has a consensus rating of “Buy” and a consensus target price of C$24.06.

NFI Group Price Performance

Shares of NFI traded down C$0.88 during trading hours on Monday, reaching C$20.52. The company had a trading volume of 336,690 shares, compared to its average volume of 357,448. The firm has a 50 day simple moving average of C$19.01 and a 200-day simple moving average of C$16.60. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. The company has a market capitalization of C$2.44 billion, a price-to-earnings ratio of -17.19, a PEG ratio of -0.07 and a beta of 0.01. NFI Group has a 12-month low of C$12.50 and a 12-month high of C$21.98.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share (EPS) for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The business had revenue of C$1.17 billion during the quarter. Research analysts expect 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¿.