NFI Group (TSE:NFI) Sets New 1-Year High – What’s Next?

NFI Group Inc. (TSE:NFI) shares reached a new 52-week high on Wednesday . The stock traded as high as C$25.86 and last traded at C$25.77, with a volume of 217285 shares trading hands. The stock had previously closed at C$25.08.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NFI shares. Stifel Nicolaus boosted their price objective on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Scotiabank increased 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. National Bank Financial lifted their target price on NFI Group from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce boosted their target price on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Finally, TD upped their price target 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. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, NFI Group presently has a consensus rating of “Buy” and an average price target of C$25.38.

NFI Group Stock Down 0.5%

The firm has a market capitalization of C$3.06 billion, a P/E ratio of -24.60, a PEG ratio of -0.07 and a beta of 0.14. 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 firm’s 50-day moving average is C$23.27 and its 200 day moving average is C$20.08.

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

Insider Buying and Selling at NFI Group

In other NFI Group news, Director Adam L. Gray bought 156,600 shares of NFI Group stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of C$20.69 per share, for a total transaction of C$3,240,054.00. Following the purchase, the director owned 25,526,215 shares of the company’s stock, valued at C$528,137,388.35. The trade was a 0.62% increase in their position. Also, Director Daniel Barclay acquired 25,000 shares of NFI Group stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of C$20.76 per share, with a total value of C$519,000.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at approximately C$1,038,000. This trade represents a 100.00% increase in their ownership of the stock. Insiders have purchased a total of 242,015 shares of company stock valued at $5,025,732 in the last three months. Corporate 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¿.