Shares of NFI Group Inc (TSE:NFI) reached a new 52-week low on Tuesday . The stock traded as low as C$43.35 and last traded at C$44.08, with a volume of 86882 shares trading hands. The stock had previously closed at C$44.30.

NFI has been the subject of several recent research reports. TD Securities lowered their target price on shares of NFI Group from C$66.00 to C$60.00 and set a “buy” rating for the company in a research note on Wednesday, October 17th. BMO Capital Markets boosted their target price on shares of NFI Group from C$55.00 to C$56.00 in a research note on Thursday, August 9th. National Bank Financial upgraded shares of NFI Group from a “sector perform” rating to an “outperform” rating and set a C$62.00 target price for the company in a research note on Thursday, June 28th. Finally, CIBC lowered their target price on shares of NFI Group from C$66.00 to C$62.00 in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$60.60.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Tuesday, August 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.98 by C$0.05. The firm had revenue of C$868.62 million for the quarter, compared to analyst estimates of C$866.11 million.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, September 27th.

About NFI Group (TSE:NFI)

NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.

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