NFI Group (TSE:NFI) Posts Earnings Results

NFI Group (TSE:NFI) posted its earnings results on Thursday. The company reported C$0.39 earnings per share for the quarter, reports. The business had revenue of C$1.43 billion for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%.

NFI Group Stock Down 6.9%

Shares of TSE:NFI traded down C$1.79 during midday trading on Friday, reaching C$24.25. 1,962,869 shares of the company were exchanged, compared to its average volume of 312,928. The firm has a market cap of C$2.89 billion, a PE ratio of 53.51, a P/E/G ratio of -0.07 and a beta of 0.20. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$27.37. The stock has a fifty day simple moving average of C$24.61 and a two-hundred day simple moving average of C$21.95. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71.

Insider Buying and Selling

In other news, insider Brian Keith Dewsnup bought 2,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average price of C$23.29 per share, for a total transaction of C$46,580.00. Following the acquisition, the insider owned 75,610 shares in the company, valued at approximately C$1,760,956.90. This trade represents a 2.72% increase in their ownership of the stock. Also, Director Colin Robertson purchased 10,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was purchased at an average cost of C$22.55 per share, for a total transaction of C$225,500.00. Following the purchase, the director directly owned 343,783 shares in the company, valued at approximately C$7,752,306.65. This trade represents a 3.00% increase in their ownership of the stock. In the last ninety days, insiders purchased 16,995 shares of company stock valued at $396,102. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. TD lowered their target price on NFI Group from C$33.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. National Bank Financial increased their price target on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. BMO Capital Markets lifted their price objective on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. ATB Cormark Capital Markets upped their price objective on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Scotiabank set a C$28.50 target price on NFI Group and gave the company a “sector outperform” rating in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$30.39.

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¿.