Colin Robertson Acquires 15,000 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) Director Colin Robertson acquired 15,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of C$20.82 per share, with a total value of C$312,300.00. Following the purchase, the director directly owned 333,783 shares of the company’s stock, valued at C$6,949,362.06. The trade was a 4.71% increase in their position.

Colin Robertson also recently made the following trade(s):

• On Wednesday, May 13th, Colin Robertson acquired 10,000 shares of NFI Group stock. The shares were bought at an average price of C$20.82 per share, with a total value of C$208,200.00.

NFI Group Stock Up 1.2%

TSE:NFI traded up C$0.25 during trading hours on Wednesday, reaching C$20.26. 131,242 shares of the company traded hands, compared to its average volume of 350,905. The business’s 50-day moving average price is C$19.62 and its two-hundred day moving average price is C$16.98. The stock has a market capitalization of C$2.41 billion, a P/E ratio of -19.43, a P/E/G ratio of -0.07 and a beta of 0.01. NFI Group Inc. has a 1 year low of C$12.50 and a 1 year high of C$21.98. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05.

NFI Group (TSE:NFI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 earnings per share (EPS) for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.The business had revenue of C$1.17 billion during the quarter. Analysts predict that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. National Bank Financial boosted their price target on NFI Group from C$22.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. TD boosted their price target on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce boosted their price target on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. Scotiabank boosted their price target on NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 11th. Finally, ATB Cormark Capital Markets boosted their price target on NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$25.00.

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¿.