NFI Group (TSE:NFI) Director Colin Robertson Buys 10,000 Shares

NFI Group Inc. (TSE:NFI) Director Colin Robertson bought 10,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was purchased at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the completion of the transaction, the director owned 343,783 shares in the company, valued at C$7,752,306.65. This represents a 3.00% increase in their ownership of the stock.

NFI Group Stock Up 3.1%

Shares of TSE:NFI opened at C$23.25 on Tuesday. The firm has a market capitalization of C$2.77 billion, a PE ratio of 51.30, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. NFI Group Inc. 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 firm’s 50-day moving average is C$24.31 and its two-hundred day moving average is C$21.51.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 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%. Analysts predict that NFI Group Inc. will post 1.2814107 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NFI shares. National Bank Financial upped their price objective on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce lifted their target price on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. ATB Cormark Capital Markets upped their price target on NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. BMO Capital Markets increased their price target on NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Finally, TD increased their price target on NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$30.50.

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¿.