Insider Buying: NFI Group (TSE:NFI) Director Acquires C$47,272.00 in Stock

NFI Group Inc. (TSE:NFI) Director John Christopher Sapp bought 1,900 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of C$24.88 per share, for a total transaction of C$47,272.00. Following the completion of the transaction, the director owned 27,243 shares in the company, valued at C$677,805.84. This represents a 7.50% increase in their ownership of the stock.

John Christopher Sapp also recently made the following trade(s):

• On Wednesday, August 12th, John Christopher Sapp bought 1,845 shares of NFI Group stock. The shares were acquired at an average price of C$25.74 per share, with a total value of C$47,490.30.

NFI Group Stock Up 0.7%

NFI stock opened at C$23.61 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. The firm has a 50 day simple moving average of C$24.31 and a 200-day simple moving average of C$21.20. The company has a market capitalization of C$2.81 billion, a P/E ratio of 52.10, a PEG ratio of -0.07 and a beta of 0.16. NFI Group Inc. has a twelve month low of C$12.50 and a twelve month high of C$26.40.

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

Analyst Ratings Changes

NFI has been the topic of several research analyst reports. Scotiabank increased their price target on shares of NFI Group from C$27.00 to C$28.50 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group boosted their price objective on NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, August 10th. National Bank Financial upped their price objective on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce increased their target price on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Finally, Stifel Nicolaus lifted their target price on NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$30.50.

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¿.