NFI Group (TSE:NFI) Trading 14.9% Higher – Time to Buy?

NFI Group Inc. (TSE:NFI) shares rose 14.9% during trading on Tuesday . The company traded as high as C$15.24 and last traded at C$14.80. Approximately 220,055 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 281,775 shares. The stock had previously closed at C$12.88.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFI. CIBC dropped their target price on shares of NFI Group from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Scotiabank lowered their price target on NFI Group from C$23.00 to C$22.00 in a research report on Monday, September 29th. National Bankshares cut their price objective on NFI Group from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Finally, BMO Capital Markets reduced their target price on NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$21.67.

NFI Group Stock Performance

The firm has a market cap of C$1.72 billion, a price-to-earnings ratio of -5.93, a price-to-earnings-growth ratio of -0.07 and a beta of 0.65. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The stock’s 50 day moving average is C$13.79 and its 200 day moving average is C$16.31.

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

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.