Brokerages Set NFI Group Inc. (TSE:NFI) Price Target at C$22.14

NFI Group Inc. (TSE:NFI) has earned an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$22.14.

Several analysts have recently issued reports on NFI shares. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. National Bank Financial cut their target price on shares of NFI Group from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets decreased their price target on shares of NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th.

NFI Group Stock Up 0.8%

Shares of TSE NFI opened at C$17.43 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. The business’s 50 day moving average is C$15.87 and its two-hundred day moving average is C$16.07. NFI Group has a 52-week low of C$9.83 and a 52-week high of C$19.90. The firm has a market cap of C$2.08 billion, a price-to-earnings ratio of -7.15, a PEG ratio of -0.07 and a beta of 0.47.

NFI Group (TSE:NFI) last issued 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%. Research analysts predict that NFI Group will post 1.2814107 EPS for the current year.

Insiders Place Their Bets

In related news, insider Brian Keith Dewsnup purchased 4,100 shares of NFI Group stock in a transaction on Friday, December 26th. The shares were bought at an average price of C$16.14 per share, with a total value of C$66,174.00. Following the transaction, the insider directly owned 69,010 shares of the company’s stock, 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 bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were purchased at an average price of C$15.97 per share, for a total transaction of C$159,700.00. Following the completion of 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 position. Over the last quarter, insiders purchased 15,640 shares of company stock valued at $250,305. 0.62% of the stock is currently owned by company insiders.

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¿.