Colin Robertson Acquires 10,000 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) Director Colin Robertson bought 10,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were acquired at an average price of C$22.55 per share, with a total value of C$225,500.00. Following the transaction, the director directly owned 343,783 shares of the company’s stock, valued at approximately C$7,752,306.65. This trade represents a 3.00% increase in their ownership of the stock.

NFI Group Stock Performance

TSE NFI opened at C$22.93 on Wednesday. The company’s 50 day moving average is C$24.31 and its 200-day moving average is C$21.55. NFI Group Inc. has a 12-month low of C$12.50 and a 12-month high of C$26.40. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. The firm has a market cap of C$2.73 billion, a P/E ratio of 50.60, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16.

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. Sell-side analysts predict that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NFI. TD boosted their price objective on NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a research note on Monday, August 10th. National Bank Financial raised their target price on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. BMO Capital Markets lifted their target price on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. Scotiabank increased their price target on shares of NFI Group from C$27.00 to C$28.50 and gave the stock a “sector outperform” rating in a report on Wednesday, August 12th. Finally, ATB Cormark Capital Markets raised their price objective on shares of NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$30.50.

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¿.