NFI Group (TSE:NFI) Price Target Raised to C$32.00 at ATB Cormark Capital Markets

NFI Group (TSE:NFI) had its target price boosted by stock analysts at ATB Cormark Capital Markets from C$31.00 to C$32.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 29.14% from the company’s current price.

Several other research firms have also recently issued reports on NFI. National Bank Financial increased their price objective on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday. Stifel Nicolaus upped their price target on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group upgraded shares of NFI Group to a “strong-buy” rating in a report on Monday, June 1st. TD raised their price objective on shares of NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a research note on Monday. Finally, Scotiabank raised their price objective on shares of NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$30.11.

NFI Group Stock Performance

TSE NFI traded down C$0.20 on Monday, hitting C$24.78. 237,061 shares of the company’s stock were exchanged, compared to its average volume of 318,121. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. The firm’s 50-day moving average price is C$24.05 and its two-hundred day moving average price is C$20.77. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The firm has a market cap of C$2.95 billion, a price-to-earnings ratio of -23.77, a P/E/G ratio of -0.07 and a beta of 0.16.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%.The business had revenue of C$1.46 billion during the quarter. On average, research analysts expect that NFI Group will post 1.2814107 EPS for the current year.

Insider Activity at NFI Group

In other news, Director Adam L. Gray purchased 5,200 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of C$22.55 per share, with a total value of C$117,260.00. Following the purchase, the director directly owned 25,556,415 shares of the company’s stock, valued at C$576,297,158.25. This represents a 0.02% increase in their position. Also, Director Colin Robertson acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was 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 transaction, the director directly owned 333,783 shares in the company, valued at approximately C$6,949,362.06. This represents a 4.71% increase in their ownership of the stock. Insiders bought 242,015 shares of company stock valued at $5,025,732 in the last 90 days. 0.62% of the stock is owned by corporate insiders.

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¿.