NFI Group (TSE:NFI) Hits New 52-Week High – Here’s What Happened

Shares of NFI Group Inc. (TSE:NFI) reached a new 52-week high on Thursday . The company traded as high as C$24.03 and last traded at C$24.00, with a volume of 114163 shares changing hands. The stock had previously closed at C$22.95.

Wall Street Analyst Weigh In

Several analysts have weighed in on NFI shares. Stifel Nicolaus boosted their price objective on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. ATB Cormark Capital Markets boosted their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Canadian Imperial Bank of Commerce increased their target price on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a report on Monday, June 1st. Finally, Scotiabank increased their price objective on NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$25.00.

NFI Group Price Performance

The firm has a market cap of C$2.80 billion, a PE ratio of -22.53, a PEG ratio of -0.07 and a beta of 0.24. The firm has a fifty day simple moving average of C$21.78 and a two-hundred day simple moving average of C$18.64. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. The company 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%. Equities analysts predict that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Insider Buying and Selling at NFI Group

In other NFI Group news, Director Adam L. Gray purchased 156,600 shares of NFI Group stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of C$20.69 per share, with a total value of C$3,240,054.00. Following the transaction, the director owned 25,526,215 shares of the company’s stock, valued at C$528,137,388.35. This represents a 0.62% increase in their position. Also, Director Colin Robertson acquired 15,000 shares of the business’s stock in a transaction dated 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 purchase, the director directly owned 333,783 shares of the company’s stock, valued at approximately C$6,949,362.06. This trade represents a 4.71% increase in their ownership of the stock. Insiders have purchased a total of 240,965 shares of company stock worth $5,000,690 in the last 90 days. Corporate 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¿.