Adam Gray Purchases 5,200 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) Director Adam 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 purchase, the director directly owned 25,556,415 shares of the company’s stock, valued at C$576,297,158.25. This trade represents a 0.02% increase in their ownership of the stock.

NFI Group Stock Performance

TSE:NFI opened at C$23.29 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. The firm’s fifty day simple moving average is C$20.27 and its 200 day simple moving average is C$17.32. The stock has a market cap of C$2.77 billion, a P/E ratio of -22.34, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01. NFI Group Inc. has a twelve month low of C$12.50 and a twelve month high of C$23.35.

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

Analyst Ratings Changes

NFI has been the subject of a number of research reports. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. National Bank Financial upped their target price on NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce increased their target price on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Stifel Nicolaus raised their target price on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, TD lifted their price target on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to data from MarketBeat, NFI Group currently has a consensus rating of “Buy” and a consensus target price of C$25.00.

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¿.