NFI Group (TSE:NFI) Insider Stephen King Buys 640 Shares

NFI Group Inc. (TSE:NFI) insider Stephen King purchased 640 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were purchased at an average price of C$15.70 per share, for a total transaction of C$10,048.00. Following the completion of the transaction, the insider owned 640 shares in the company, valued at C$10,048. This trade represents a ∞ increase in their position.

NFI Group Stock Up 0.1%

NFI opened at C$16.68 on Friday. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.55 and a current ratio of 1.71. The company has a market capitalization of C$1.99 billion, a PE ratio of -6.84, a P/E/G ratio of -0.07 and a beta of 0.60. The stock’s fifty day moving average is C$14.90 and its 200-day moving average is C$16.22. NFI Group Inc. has a one year low of C$9.83 and a one year high of C$19.90.

NFI Group (TSE:NFI) last released its earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. NFI Group had a negative return on equity of 3.45% and a negative net margin of 0.79%. On average, equities analysts predict that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets cut their target price on shares of NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. CIBC dropped their price target on NFI Group from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. National Bankshares reduced their price objective on NFI Group from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Finally, Scotiabank decreased their target price on NFI Group from C$23.00 to C$22.00 in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$21.67.

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¿.