NFI Group (TSE:NFI) Price Target Raised to C$30.00

NFI Group (TSE:NFI) had its price target raised by National Bank Financial from C$29.00 to C$30.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 21.07% from the company’s current price.

Other research analysts also recently issued reports about the company. BMO Capital Markets lifted their price target on NFI Group from C$27.00 to C$32.00 in a research report on Friday. Stifel Nicolaus boosted their target price 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. TD increased their price target 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. Canadian Imperial Bank of Commerce increased their price target on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Finally, Scotiabank raised their price target on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$30.11.

NFI Group Stock Performance

Shares of TSE:NFI traded down C$0.20 during midday trading on Monday, hitting C$24.78. The company’s stock had a trading volume of 237,061 shares, compared to its average volume of 318,121. The stock has a market capitalization of C$2.95 billion, a price-to-earnings ratio of -23.77, a PEG ratio of -0.07 and a beta of 0.16. The stock’s 50 day simple moving average is C$24.05 and its 200 day simple moving average is C$20.77. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. 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 quarterly earnings data on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%.The business had revenue of C$1.46 billion for the quarter. As a group, research analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current year.

Insider Activity at NFI Group

In other news, Director Daniel Barclay bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of C$20.76 per share, for a total transaction of C$519,000.00. Following the completion of the purchase, the director owned 50,000 shares of the company’s stock, valued at C$1,038,000. This trade represents a 100.00% increase in their position. Also, insider Stephen King bought 1,050 shares of NFI Group stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the transaction, the insider owned 5,512 shares of the company’s stock, valued at C$131,461.20. This trade represents a 23.53% increase in their ownership of the stock. Insiders have acquired 242,015 shares of company stock worth $5,025,732 in the last three months. Company insiders own 0.62% of the company’s stock.

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¿.