Insider Buying: NFI Group (TSE:NFI) Insider Buys C$23,240.00 in Stock

NFI Group Inc. (TSE:NFI) insider Douglas John Proven purchased 1,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were bought at an average price of C$23.24 per share, with a total value of C$23,240.00. Following the purchase, the insider directly owned 11,000 shares in the company, valued at approximately C$255,640. The trade was a 10.00% increase in their position.

NFI Group Stock Performance

Shares of NFI opened at C$23.69 on Friday. The firm has a market capitalization of C$2.82 billion, a P/E ratio of 52.27, a P/E/G ratio of -0.07 and a beta of 0.21. NFI Group Inc. has a 52 week low of C$12.50 and a 52 week high of C$26.40. The stock has a 50 day moving average price of C$24.33 and a two-hundred day moving average price of C$22.04. 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 (TSE:NFI) last posted its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$1.46 billion for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. Equities analysts forecast that NFI Group Inc. will post 1.2814107 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on NFI. Scotiabank lifted their price objective 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. BMO Capital Markets increased their target price on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. Canaccord Genuity Group raised their price target on shares of NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Stifel Nicolaus boosted their price target on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, National Bank Financial upped their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus 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¿.