NFI Group (TSE:NFI) Given a C$28.50 Price Target by Scotiabank Analysts

NFI Group (TSE:NFI) has been given a C$28.50 price target by equities research analysts at Scotiabank in a research note issued to investors on Thursday, BayStreet reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 12.60% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Canaccord Genuity Group boosted their price target on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 10th. TD increased their price objective on shares of NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a report on Monday, August 10th. BMO Capital Markets lifted their price objective on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Stifel Nicolaus boosted 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 report on Monday, August 10th. Finally, ATB Cormark Capital Markets upped their target price on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, NFI Group has an average rating of “Buy” and an average price target of C$30.50.

NFI Group Price Performance

Shares of NFI Group stock traded down C$0.27 during trading hours on Thursday, hitting C$25.31. The company’s stock had a trading volume of 106,565 shares, compared to its average volume of 306,268. The company has a market cap of C$3.02 billion, a PE ratio of 55.85, a PEG ratio of -0.07 and a beta of 0.24. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The business has a 50 day moving average price of C$24.08 and a two-hundred day moving average price of C$23.01. NFI Group has a 12-month low of C$12.50 and a 12-month high of C$26.40.

NFI Group (TSE:NFI) last released its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. The firm had revenue of C$1.46 billion during the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. Analysts expect that NFI Group will post 1.28 earnings per share for the current fiscal year.

Insider Transactions at NFI Group

In other news, insider Brian Keith Dewsnup acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average price of C$23.29 per share, with a total value of C$46,580.00. Following the purchase, the insider directly owned 75,610 shares of the company’s stock, valued at C$1,760,956.90. This trade represents a 2.72% increase in their ownership of the stock. Also, Director Colin Robertson purchased 10,000 shares of NFI Group stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the acquisition, the director directly owned 343,783 shares in the company, valued at C$7,752,306.65. This trade represents a 3.00% increase in their position. Insiders have purchased 16,995 shares of company stock worth $396,102 over the last quarter. 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¿.