National Bankshares Cuts NFI Group (TSE:NFI) Price Target to C$22.00

NFI Group (TSE:NFI) had its price target trimmed by National Bankshares from C$28.00 to C$22.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on NFI. BMO Capital Markets dropped their price target on NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$22.14.

NFI Group Price Performance

NFI stock opened at C$17.36 on Tuesday. The firm has a 50 day moving average of C$15.58 and a 200-day moving average of C$16.14. The company has a market cap of C$2.07 billion, a price-to-earnings ratio of -7.12, a PEG ratio of -0.07 and a beta of 0.47. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. NFI Group has a 12-month low of C$9.83 and a 12-month high of C$19.90.

NFI Group (TSE:NFI) last released its quarterly earnings results 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%. As a group, equities analysts expect that NFI Group will post 1.2814107 EPS for the current fiscal year.

Insider Transactions at NFI Group

In other news, Director Colin Robertson purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were bought at an average cost of C$15.97 per share, with a total value of C$159,700.00. Following the purchase, the director directly owned 56,217 shares of the company’s stock, valued at approximately C$897,785.49. This trade represents a 21.64% increase in their ownership of the stock. Also, insider Brian Keith Dewsnup purchased 4,100 shares of the stock in a transaction dated Friday, December 26th. The shares were purchased at an average price of C$16.14 per share, with a total value of C$66,174.00. Following the completion of the acquisition, the insider owned 69,010 shares of the company’s stock, valued at approximately C$1,113,821.40. This represents a 6.32% increase in their ownership of the stock. In the last quarter, insiders have purchased 15,640 shares of company stock valued at $250,305. 0.62% of the stock is currently owned by company insiders.

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¿.