NFI Group (TSE:NFI) Hits New 52-Week High on Analyst Upgrade

NFI Group Inc. (TSE:NFI) hit a new 52-week high during mid-day trading on Thursday after National Bank Financial raised their price target on the stock from C$26.00 to C$29.00. National Bank Financial currently has an outperform rating on the stock. NFI Group traded as high as C$25.86 and last traded at C$25.77, with a volume of 291555 shares trading hands. The stock had previously closed at C$25.07.

Several other analysts have also recently weighed in on NFI. Scotiabank lifted their price objective on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research report on Monday, May 11th. TD raised their target price on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a research report on Monday, June 1st. Stifel Nicolaus upped their price target on NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce increased their price objective on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$25.38.

Insider Activity

In related news, insider Stephen King purchased 1,050 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average cost of C$23.85 per share, with a total value of C$25,042.50. Following the transaction, the insider directly owned 5,512 shares in the company, valued at C$131,461.20. This trade represents a 23.53% increase in their position. Also, Director Colin Robertson bought 15,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of C$20.82 per share, for a total transaction of C$312,300.00. Following the completion of the acquisition, the director directly owned 333,783 shares of the company’s stock, valued at approximately C$6,949,362.06. This represents a 4.71% increase in their position. In the last ninety days, insiders bought 242,015 shares of company stock valued at $5,025,732. 0.62% of the stock is currently owned by insiders.

NFI Group Stock Down 0.6%

The company’s 50-day moving average price is C$22.89 and its 200 day moving average price is C$19.77. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25. The stock has a market cap of C$3.04 billion, a PE ratio of -24.46, a price-to-earnings-growth ratio of -0.07 and a beta of 0.14.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. The business had revenue of C$1.17 billion for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. As a group, analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

NFI Group Company Profile

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¿.