Analysts Set NFI Group Inc. (TSE:NFI) Price Target at C$25.38

NFI Group Inc. (TSE:NFI) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$25.38.

Several equities research analysts have commented on the company. Canadian Imperial Bank of Commerce upped their price target on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a report on Monday, June 1st. National Bank Financial increased their target price on shares of NFI Group from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. TD raised their price target on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Stifel Nicolaus lifted their price target on shares of 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.

NFI Group Stock Down 0.6%

Shares of TSE NFI opened at C$25.12 on Monday. The stock has a market capitalization of C$2.99 billion, a PE ratio of -24.09, a P/E/G ratio of -0.07 and a beta of 0.14. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. The firm has a fifty day moving average of C$23.97 and a 200-day moving average of C$20.66. NFI Group has a 52-week low of C$12.50 and a 52-week high of C$26.35.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.The business had revenue of C$1.17 billion for the quarter. On average, analysts anticipate that NFI Group will post 1.2814107 EPS for the current year.

Insider Buying and Selling

In other NFI Group news, Director Colin Robertson bought 15,000 shares of NFI Group stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of C$20.82 per share, for a total transaction of C$312,300.00. Following the acquisition, the director owned 333,783 shares of the company’s stock, valued at C$6,949,362.06. The trade was a 4.71% increase in their position. Also, insider Stephen King purchased 1,050 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the transaction, the insider owned 5,512 shares in the company, valued at C$131,461.20. This trade represents a 23.53% increase in their position. Over the last ninety days, insiders have acquired 242,015 shares of company stock valued at $5,025,732. 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¿.