NFI Group (NFI) Price Target Cut to C$43.00
NFI Group (TSE:NFI) had its price target lowered by National Bank Financial from C$44.00 to C$43.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 34.59% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on NFI. CIBC decreased their price objective on shares of NFI Group from C$50.00 to C$48.00 in a report on Wednesday, January 2nd. TD Securities decreased their price objective on shares of NFI Group from C$51.00 to C$46.00 and set a “buy” rating for the company in a report on Wednesday, January 16th. BMO Capital Markets decreased their price objective on shares of NFI Group from C$39.00 to C$37.00 and set a “buy” rating for the company in a report on Wednesday, January 16th. Finally, Scotiabank reiterated a “buy” rating and issued a C$50.00 price objective on shares of NFI Group in a report on Sunday.
Shares of TSE:NFI opened at C$31.95 on Monday. The firm has a market capitalization of $1.95 billion and a P/E ratio of 12.55. NFI Group has a 1 year low of C$28.47 and a 1 year high of C$59.96. The company has a debt-to-equity ratio of 83.57, a current ratio of 1.94 and a quick ratio of 0.96.
NFI Group Company Profile
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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