NFI Group (TSE:NFI) Price Target Raised to C$33.00

NFI Group (TSE:NFI) had its price target upped by TD from C$26.00 to C$33.00 in a report published on Monday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. BMO Capital Markets raised their price objective on shares of NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. National Bank Financial upped their target price on shares of 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. Stifel Nicolaus increased their price target on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$30.50.

NFI Group Stock Down 1.2%

Shares of NFI stock opened at C$24.96 on Monday. The stock’s 50 day simple moving average is C$24.16 and its 200 day simple moving average is C$20.95. NFI Group has a twelve month low of C$12.50 and a twelve month 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. The company has a market capitalization of C$2.97 billion, a price-to-earnings ratio of 55.08, a PEG ratio of -0.07 and a beta of 0.16.

NFI Group (TSE:NFI) last announced its quarterly earnings results 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 company had revenue of C$1.46 billion for the quarter. As a group, research analysts predict that NFI Group will post 1.2814107 EPS for the current year.

Insider Buying and Selling at NFI Group

In other NFI Group news, insider Stephen King bought 1,050 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of C$23.85 per share, for a total transaction of C$25,042.50. Following the transaction, the insider owned 5,512 shares in the company, valued at approximately C$131,461.20. The trade was a 23.53% increase in their ownership of the stock. Also, Director Adam L. Gray purchased 5,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of C$22.55 per share, with a total value of C$117,260.00. Following the transaction, the director directly owned 25,556,415 shares of the company’s stock, valued at approximately C$576,297,158.25. This represents a 0.02% increase in their ownership of the stock. Insiders acquired a total of 188,515 shares of company stock worth $3,913,702 in the last three months. 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¿.