Douglas John Proven Acquires 1,000 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) insider Douglas John Proven purchased 1,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were acquired at an average cost of C$23.24 per share, for a total transaction of C$23,240.00. Following the completion of the transaction, the insider directly owned 11,000 shares in the company, valued at approximately C$255,640. This represents a 10.00% increase in their ownership of the stock.

NFI Group Trading Up 2.1%

NFI Group stock opened at C$23.82 on Thursday. The company has a market cap of C$2.84 billion, a price-to-earnings ratio of 52.56, a P/E/G ratio of -0.07 and a beta of 0.21. The firm has a 50-day moving average of C$24.33 and a 200-day moving average of C$21.99. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. NFI Group Inc. has a one year low of C$12.50 and a one year high of C$26.40.

NFI Group (TSE:NFI) last released its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share (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. On average, equities analysts expect that NFI Group Inc. will post 1.2814107 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on NFI shares. Scotiabank raised their target price on shares of NFI Group from C$27.00 to C$28.50 and gave the company a “sector outperform” rating in a research note on Wednesday, August 12th. TD upped their price target on shares of NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets increased their price target on shares of NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Canaccord Genuity Group boosted their price objective on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Stifel Nicolaus upped their target price on shares of NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, the company 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¿.