NFI Group Inc. (TSE:NFI) Given Consensus Recommendation of “Buy” by Brokerages

NFI Group Inc. (TSE:NFI) has been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$30.50.

A number of research analysts have commented on NFI shares. TD raised their price target on shares of NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Canaccord Genuity Group upped their price objective on NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, August 10th. National Bank Financial increased their target price on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. ATB Cormark Capital Markets raised their target price on NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Finally, BMO Capital Markets boosted their price target on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th.

NFI Group Trading Up 2.9%

Shares of NFI stock opened at C$23.92 on Friday. NFI Group has a 52-week low of C$12.50 and a 52-week high of C$26.40. The stock has a market cap of C$2.85 billion, a price-to-earnings ratio of 52.78, a P/E/G ratio of -0.07 and a beta of 0.16. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The firm has a fifty day moving average of C$24.32 and a 200-day moving average of C$21.63.

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

Insider Buying and Selling

In other news, Director John Christopher Sapp bought 1,900 shares of NFI Group stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the purchase, the director owned 27,243 shares of the company’s stock, valued at approximately C$677,805.84. This trade represents a 7.50% increase in their ownership of the stock. Also, Director Colin Robertson bought 10,000 shares of NFI Group stock in a transaction dated Friday, August 28th. The stock was purchased at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the purchase, the director directly owned 343,783 shares in the company, valued at C$7,752,306.65. This represents a 3.00% increase in their position. Insiders purchased a total of 16,795 shares of company stock valued at $391,885 in the last ninety days. Insiders own 0.62% of the company’s stock.

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¿.