NFI Group (TSE:NFI) Stock Gets Price Target Trim from TD

NFI Group (TSE:NFI) had its price target reduced by TD from C$33.00 to C$32.00 in a research report sent to investors on Wednesday,BayStreet reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on NFI. ATB Cormark Capital Markets increased their price objective on 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. Canaccord Genuity Group lifted their target price on 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 upped their price target on NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a research note on Monday, August 10th. National Bank Financial increased their price target on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, BMO Capital Markets increased their price target on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$30.39.

NFI Group Stock Performance

NFI Group stock opened at C$24.40 on Wednesday. The firm has a 50 day simple moving average of C$24.31 and a 200-day simple moving average of C$21.73. NFI Group has a 1-year low of C$12.50 and a 1-year high of C$26.40. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. The stock has a market cap of C$2.91 billion, a price-to-earnings ratio of 53.84, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24.

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

Insider Buying and Selling

In other news, Director John Christopher Sapp bought 1,900 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were bought at an average price of C$24.88 per share, with a total value of C$47,272.00. Following the completion of the transaction, the director directly owned 27,243 shares in the company, valued at C$677,805.84. This trade represents a 7.50% increase in their ownership of the stock. Also, insider Brian Keith Dewsnup bought 2,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average cost of C$23.29 per share, for a total transaction of C$46,580.00. Following the transaction, the insider 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. In the last quarter, insiders purchased 16,995 shares of company stock valued at $396,102. Company insiders own 0.62% of the company’s stock.

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¿.