NFI Group (TSE:NFI) Sets New 52-Week High – Here’s Why

NFI Group Inc. (TSE:NFI)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$23.35 and last traded at C$23.29, with a volume of 225992 shares. The stock had previously closed at C$22.96.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NFI shares. Scotiabank lifted their price objective on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 11th. ATB Cormark Capital Markets lifted their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. TD lifted their price objective on shares of NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Stifel Nicolaus lifted their price objective on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to data from MarketBeat.com, NFI Group has a consensus rating of “Buy” and an average price target of C$25.00.

NFI Group Stock Performance

The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. The stock’s 50 day simple moving average is C$20.27 and its two-hundred day simple moving average is C$17.32. The stock has a market cap of C$2.77 billion, a P/E ratio of -22.34, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The firm had revenue of C$1.17 billion for the quarter. As a group, research analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current year.

Insider Activity at NFI Group

In related news, Director Adam L. Gray purchased 156,600 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of C$20.69 per share, with a total value of C$3,240,054.00. Following the completion of the purchase, the director owned 25,526,215 shares in the company, valued at C$528,137,388.35. This represents a 0.62% increase in their position. Also, Director Daniel Barclay purchased 25,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of C$20.76 per share, for a total transaction of C$519,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately C$1,038,000. This represents a 100.00% increase in their position. In the last three months, insiders bought 240,965 shares of company stock worth $5,000,690. Corporate insiders own 0.62% of the company’s stock.

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¿.