NFI Group (TSE:NFI) Price Target Raised to C$36.00

NFI Group (TSE:NFI) had its target price boosted by Canaccord Genuity Group from C$35.00 to C$36.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. ATB Cormark Capital Markets increased their price target on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Monday. Stifel Nicolaus increased their target price on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets raised their price target on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. National Bank Financial upped their price target on shares of NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday. 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 research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$30.50.

NFI Group Price Performance

Shares of TSE NFI opened at C$24.96 on Monday. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The stock has a market cap of C$2.97 billion, a PE ratio of 55.08, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. The stock has a fifty day moving average of C$24.16 and a 200-day moving average of C$20.95.

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

Insider Buying and Selling

In related news, insider Stephen King purchased 1,050 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of C$23.85 per share, with a total value of C$25,042.50. Following the acquisition, the insider directly owned 5,512 shares of the company’s stock, valued at approximately C$131,461.20. This represents a 23.53% increase in their ownership of the stock. Also, Director Adam L. Gray acquired 5,200 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of C$22.55 per share, for a total transaction of C$117,260.00. Following the transaction, the director owned 25,556,415 shares in the company, valued at approximately C$576,297,158.25. This represents a 0.02% increase in their position. Insiders purchased 188,515 shares of company stock worth $3,913,702 over the last ninety days. 0.62% of the stock is currently owned by insiders.

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¿.