NFI Group (TSE:NFI) Insider Stephen King Buys 1,050 Shares

NFI Group Inc. (TSE:NFI) insider Stephen King acquired 1,050 shares of the stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the completion of the transaction, the insider directly owned 5,512 shares of the company’s stock, valued at approximately C$131,461.20. This represents a 23.53% increase in their ownership of the stock.

Stephen King also recently made the following trade(s):

• On Monday, May 25th, Stephen King bought 665 shares of NFI Group stock. The shares were acquired at an average cost of C$22.70 per share, for a total transaction of C$15,095.50.

NFI Group Stock Up 2.1%

TSE NFI opened at C$23.99 on Friday. The stock’s 50 day moving average is C$21.93 and its 200 day moving average is C$18.75. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. NFI Group Inc. has a 12 month low of C$12.50 and a 12 month high of C$24.06. The stock has a market cap of C$2.86 billion, a PE ratio of -23.01, a P/E/G ratio of -0.07 and a beta of 0.24.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Canadian Imperial Bank of Commerce boosted their target price on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Scotiabank lifted their price objective on NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 11th. National Bank Financial increased their target price on NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. 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, May 11th. Finally, Canaccord Genuity Group upgraded shares of NFI Group to a “strong-buy” rating in a research report on Monday, June 1st. Three 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.com, the company has an average rating of “Buy” and a consensus price target of C$25.00.

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¿.