NFI Group Inc. (TSE:NFI) Given Consensus Recommendation of “Buy” by Brokerages

Shares of NFI Group Inc. (TSE:NFI) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$22.43.

Several equities analysts recently commented on NFI shares. ATB Cormark Capital Markets upped their price target on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. BMO Capital Markets lowered their price objective on shares of NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. TD Securities upgraded NFI Group to a “strong-buy” rating in a report on Friday, January 30th. Scotiabank increased their target price on NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Finally, National Bank Financial reduced their target price on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd.

NFI Group Stock Performance

TSE NFI opened at C$18.28 on Tuesday. The business’s 50-day moving average price is C$17.66 and its 200 day moving average price is C$15.87. The company has a current ratio of 1.47, a quick ratio of 0.55 and a debt-to-equity ratio of 220.13. NFI Group has a twelve month low of C$9.83 and a twelve month high of C$19.90. The company has a market capitalization of C$2.18 billion, a PE ratio of -15.32, a price-to-earnings-growth ratio of -0.07 and a beta of 0.22.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Wednesday, March 11th. The company reported C$0.68 EPS for the quarter. The company had revenue of C$1.33 billion during the quarter. NFI Group had a negative return on equity of 24.33% and a negative net margin of 3.80%. On average, research analysts predict that NFI Group will post 1.2814107 earnings per share for the current year.

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¿.