NFI Group (TSE:NFI) Insider Acquires C$25,042.50 in Stock

NFI Group Inc. (TSE:NFI) insider Stephen King bought 1,050 shares of NFI Group stock in a transaction dated Thursday, June 25th. The stock was purchased at an average price of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the purchase, the insider owned 5,512 shares in the company, valued at C$131,461.20. This trade represents a 23.53% increase in their ownership of the stock.

Stephen King also recently made the following trade(s):

• On Monday, May 25th, Stephen King bought 665 shares of NFI Group stock. The stock was purchased at an average cost of C$22.70 per share, with a total value of C$15,095.50.

NFI Group Stock Up 1.4%

NFI stock traded up C$0.34 during trading on Friday, reaching C$23.84. 127,909 shares of the stock were exchanged, compared to its average volume of 331,091. The firm’s 50 day moving average is C$21.84 and its 200 day moving average is C$18.71. The firm has a market cap of C$2.84 billion, a P/E ratio of -22.86, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24. 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 Inc. has a twelve month low of C$12.50 and a twelve month high of C$24.06.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.The firm had revenue of C$1.17 billion during the quarter. As a group, research analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current year.

Analysts Set New Price Targets

NFI has been the topic of a number of recent research reports. TD raised their price objective on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Stifel Nicolaus upped their target price on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. ATB Cormark Capital Markets raised their price target on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. National Bank Financial lifted their price target on NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Canaccord Genuity Group raised NFI Group to a “strong-buy” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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¿.