Stifel Nicolaus Forecasts Strong Price Appreciation for NFI Group (TSE:NFI) Stock

NFI Group (TSE:NFI) had its target price upped by equities researchers at Stifel Nicolaus from C$25.50 to C$26.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 26.09% from the company’s current price.

Other equities analysts also recently issued reports about the company. TD Securities upgraded NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Canadian Imperial Bank of Commerce raised their price target on NFI Group from C$22.00 to C$27.00 in a report on Tuesday. Scotiabank raised their price target on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a report on Monday. ATB Cormark Capital Markets raised their price target on NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Finally, TD raised their price target on NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$25.00.

NFI Group Stock Performance

TSE NFI traded up C$0.10 on Tuesday, hitting C$20.62. 157,258 shares of the company traded hands, compared to its average volume of 357,141. The company has a market capitalization of C$2.46 billion, a price-to-earnings ratio of -19.78, a P/E/G ratio of -0.07 and a beta of 0.01. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. The business’s 50 day moving average price is C$19.15 and its 200-day moving average price is C$16.70. NFI Group has a 52-week low of C$12.50 and a 52-week high of C$21.98.

NFI Group (TSE:NFI) last released its earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. The company had revenue of C$1.17 billion for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. Equities analysts expect that NFI Group will post 1.2814107 earnings per share for the current year.

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¿.