NFI Group (TSE:NFI) Upgraded by TD Securities to “Strong-Buy” Rating

TD Securities upgraded shares of NFI Group (TSE:NFI) to a strong-buy rating in a research report released on Friday morning,Zacks.com reports.

Separately, BMO Capital Markets dropped their price target on NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. Two research analysts have 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, NFI Group currently has an average rating of “Buy” and an average price target of C$22.14.

NFI Group Stock Down 1.8%

Shares of TSE:NFI opened at C$16.54 on Friday. The stock’s 50-day moving average is C$15.26 and its 200 day moving average is C$16.18. The company has a market cap of C$1.97 billion, a PE ratio of -6.79, a P/E/G ratio of -0.07 and a beta of 0.60. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. NFI Group has a 1 year low of C$9.83 and a 1 year high of C$19.90.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 earnings per share for the quarter. NFI Group had a negative return on equity of 3.45% and a negative net margin of 0.79%. Sell-side analysts anticipate that NFI Group will post 1.2814107 EPS for the current year.

Insider Activity at NFI Group

In other news, insider Brian Keith Dewsnup purchased 4,100 shares of NFI Group stock in a transaction that occurred on Friday, December 26th. The shares were bought at an average cost of C$16.14 per share, with a total value of C$66,174.00. Following the completion of the purchase, the insider directly owned 69,010 shares in the company, valued at approximately C$1,113,821.40. This trade represents a 6.32% increase in their ownership of the stock. Also, Director Colin Robertson acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was purchased at an average price of C$15.97 per share, with a total value of C$159,700.00. Following the acquisition, the director owned 56,217 shares of the company’s stock, valued at C$897,785.49. This represents a 21.64% increase in their position. Insiders bought a total of 15,640 shares of company stock valued at $250,305 in the last three months. 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¿.