Insider Buying: NFI Group (TSE:NFI) Director Purchases 25,000 Shares of Stock

NFI Group Inc. (TSE:NFI) Director Daniel Barclay bought 25,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of C$20.76 per share, with a total value of C$519,000.00. Following the completion of the purchase, the director directly owned 50,000 shares in the company, valued at C$1,038,000. This represents a 100.00% increase in their ownership of the stock.

NFI Group Stock Up 0.6%

TSE:NFI traded up C$0.12 during mid-day trading on Thursday, hitting C$21.12. The stock had a trading volume of 91,516 shares, compared to its average volume of 354,266. NFI Group Inc. has a twelve month low of C$12.50 and a twelve month high of C$21.98. The stock has a 50-day simple moving average of C$19.31 and a two-hundred day simple moving average of C$16.79. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. The company has a market capitalization of C$2.52 billion, a PE ratio of -20.26, a PEG ratio of -0.07 and a beta of 0.01.

NFI Group (TSE:NFI) last posted its quarterly earnings results 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 company had revenue of C$1.17 billion during the quarter. On average, equities research analysts anticipate that NFI Group Inc. will post 1.2814107 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday. Canadian Imperial Bank of Commerce upped their price target on NFI Group from C$22.00 to C$27.00 in a report on Tuesday. ATB Cormark Capital Markets boosted their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. National Bank Financial increased their target price on shares of NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday. Finally, TD Securities raised shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, NFI Group currently has an average rating of “Buy” and an average 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¿.