NFI Group (TSE:NFI) Sets New 12-Month High – Here’s What Happened

NFI Group Inc. (TSE:NFI)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$22.17 and last traded at C$22.12, with a volume of 240862 shares changing hands. The stock had previously closed at C$20.75.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFI. Stifel Nicolaus lifted their price objective on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce lifted their target price on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. TD Securities upgraded NFI Group to a “strong-buy” rating in a report on Friday, January 30th. TD lifted their target price on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Scotiabank lifted their target price on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$25.00.

NFI Group Stock Performance

The stock has a 50 day simple moving average of C$19.80 and a 200 day simple moving average of C$17.08. The company has a market cap of C$2.63 billion, a price-to-earnings ratio of -21.17, a PEG ratio of -0.07 and a beta of 0.01. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. The company had revenue of C$1.17 billion for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. As a group, analysts predict that NFI Group Inc. will post 1.2814107 EPS for the current year.

Insider Buying and Selling

In other NFI Group news, Director Colin Robertson purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of C$20.82 per share, for a total transaction of C$312,300.00. Following the completion of the purchase, the director owned 333,783 shares in the company, valued at C$6,949,362.06. The trade was a 4.71% increase in their position. Also, Director Daniel Barclay purchased 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of C$20.76 per share, for a total transaction of C$519,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately C$1,038,000. This represents a 100.00% increase in their position. Over the last 90 days, insiders have acquired 53,500 shares of company stock worth $1,112,030. 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¿.