NFI Group (TSE:NFI) Price Target Raised to C$33.00

NFI Group (TSE:NFI) had its price target lifted by ATB Cormark Capital Markets from C$32.00 to C$33.00 in a report published on Monday morning,BayStreet reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Scotiabank upped their price objective on shares of NFI Group from C$28.50 to C$29.50 and gave the company a “sector outperform” rating in a research report on Monday. Canaccord Genuity Group upped their price target 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 raised 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, August 10th. Stifel Nicolaus lifted their price objective on NFI Group from C$31.00 to C$34.00 and gave the stock a “buy” rating in a report on Monday. Finally, TD decreased their price objective on NFI Group from C$33.00 to C$32.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$30.94.

NFI Group Stock Down 0.5%

Shares of NFI stock opened at C$24.42 on Monday. NFI Group has a 12 month low of C$12.81 and a 12 month high of C$27.37. The company has a quick ratio of 0.55, a current ratio of 1.21 and a debt-to-equity ratio of 203.33. The firm has a market cap of C$2.91 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of -0.07 and a beta of 0.20. The stock has a 50 day moving average of C$24.70 and a 200-day moving average of C$22.06.

NFI Group (TSE:NFI) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$0.39 earnings per share (EPS) for the quarter. The business had revenue of C$1.43 billion for the quarter. NFI Group had a net margin of 5.08% and a return on equity of 32.45%. On average, equities analysts predict that NFI Group will post 1.28 EPS for the current year.

Insider Buying and Selling

In related news, Director Colin Robertson acquired 10,000 shares of the stock in a transaction dated Friday, August 28th. The shares were bought at an average cost of C$22.55 per share, for a total transaction of C$225,500.00. Following the purchase, the director owned 343,783 shares in the company, valued at approximately C$7,752,306.65. This trade represents a 3.00% increase in their position. Also, insider Brian Keith Dewsnup acquired 2,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was bought at an average price of C$23.29 per share, for a total transaction of C$46,580.00. Following the completion of the purchase, the insider owned 75,610 shares in the company, valued at approximately C$1,760,956.90. This trade represents a 2.72% increase in their position. Insiders have acquired 13,250 shares of company stock worth $301,340 over the last ninety days. Company insiders own 0.62% of the company’s stock.

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¿.