NFI Group (TSE:NFI) Director John Christopher Sapp Purchases 1,845 Shares

NFI Group Inc. (TSE:NFI) Director John Christopher Sapp bought 1,845 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of C$25.74 per share, for a total transaction of C$47,490.30. Following the completion of the purchase, the director owned 25,343 shares of the company’s stock, valued at C$652,328.82. This trade represents a 7.85% increase in their ownership of the stock.

NFI Group Trading Down 2.1%

TSE:NFI traded down C$0.53 during mid-day trading on Thursday, reaching C$24.43. 210,827 shares of the company’s stock traded hands, compared to its average volume of 317,996. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. The firm has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 53.91, a PEG ratio of -0.07 and a beta of 0.16. The company has a 50 day moving average price of C$24.16 and a 200-day moving average price of C$20.95. NFI Group Inc. has a 12-month low of C$12.50 and a 12-month high of C$26.40.

NFI Group (TSE:NFI) last posted its quarterly earnings data 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 during the quarter. On average, sell-side analysts predict that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Analysts Set New Price Targets

NFI has been the subject of several analyst reports. TD upped their price objective on NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group increased their target price on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday. National Bank Financial raised their price target on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday. ATB Cormark Capital Markets boosted their target price on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Scotiabank increased 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. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$30.50.

NFI Group Company Profile

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¿.