Stephen King Purchases 1,050 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) insider Stephen King acquired 1,050 shares of NFI Group stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the transaction, the insider directly owned 5,512 shares in the company, valued at C$131,461.20. This represents a 23.53% increase in their position.

Stephen King also recently made the following trade(s):

• On Monday, May 25th, Stephen King acquired 665 shares of NFI Group stock. The stock was purchased at an average price of C$22.70 per share, with a total value of C$15,095.50.

NFI Group Price Performance

NFI Group stock opened at C$23.99 on Friday. NFI Group Inc. has a 52 week low of C$12.50 and a 52 week high of C$24.06. The company’s 50 day moving average price is C$21.93 and its two-hundred day moving average price is C$18.75. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. The stock has a market cap of C$2.86 billion, a P/E ratio of -23.01, a P/E/G ratio of -0.07 and a beta of 0.24.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on NFI. Stifel Nicolaus upped their price objective on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. National Bank Financial lifted their target price on NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Canaccord Genuity Group raised shares of NFI Group to a “strong-buy” rating in a report on Monday, June 1st. ATB Cormark Capital Markets increased their price target on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, NFI Group currently has a consensus rating of “Buy” and an average target price of C$25.00.

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¿.