National Bankshares Trims NFI Group (TSE:NFI) Target Price to C$19.00

NFI Group (TSE:NFI) had its price target trimmed by National Bankshares from C$20.00 to C$19.00 in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also commented on the stock. BMO Capital Markets dropped their price target on shares of NFI Group from C$17.00 to C$15.00 and set an outperform rating for the company in a research report on Friday, March 1st. Stifel Nicolaus raised shares of NFI Group from a hold rating to a buy rating and increased their target price for the stock from C$15.00 to C$18.00 in a research report on Monday. CIBC boosted their price objective on shares of NFI Group from C$11.50 to C$12.00 and gave the stock an underperform rating in a research note on Monday, January 22nd. Finally, ATB Capital raised their target price on shares of NFI Group from C$17.00 to C$18.00 and gave the company an outperform rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of C$19.33.

NFI Group Stock Up 1.0 %

Shares of TSE NFI opened at C$13.35 on Monday. The firm’s 50 day moving average price is C$11.95 and its 200 day moving average price is C$12.72. The company has a debt-to-equity ratio of 163.50, a quick ratio of 0.55 and a current ratio of 1.81. The firm has a market cap of C$1.59 billion, a P/E ratio of -10.04, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. NFI Group has a 1 year low of C$8.35 and a 1 year high of C$14.55.

NFI Group (TSE:NFI) last released its earnings results on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, beating the consensus estimate of C($0.28) by C$0.21. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. The firm had revenue of C$1.08 billion during the quarter, compared to analyst estimates of C$1.21 billion. As a group, sell-side analysts anticipate that NFI Group will post 0.2266807 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of C$8.39 per share, with a total value of C$48,213.75. In other NFI Group news, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of C$8.39 per share, for a total transaction of C$48,213.75. Also, Director Richard Paul Davies bought 2,570 shares of NFI Group stock in a transaction dated Thursday, March 28th. The shares were acquired at an average price of C$13.17 per share, with a total value of C$33,846.90. Over the last three months, insiders bought 64,228 shares of company stock worth $734,754. 0.65% of the stock is currently owned by company insiders.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.