BMO Capital Markets Issues Positive Forecast for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI) had its price objective raised by equities research analysts at BMO Capital Markets from C$27.00 to C$32.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 25.20% from the company’s current price.

Several other research firms have also issued reports on NFI. Stifel Nicolaus increased their price target on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. National Bank Financial increased their target price on NFI Group from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce upped their price target on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Finally, Scotiabank increased their price objective 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. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$27.25.

NFI Group Stock Performance

Shares of TSE:NFI traded up C$0.70 during trading on Friday, hitting C$25.56. 282,172 shares of the stock were exchanged, compared to its average volume of 317,789. The company has a market capitalization of C$3.04 billion, a price-to-earnings ratio of -24.51, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. NFI Group has a 1-year low of C$12.50 and a 1-year high of C$26.39. The company’s fifty day simple moving average is C$24.02 and its 200-day simple moving average is C$20.72. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. The firm had revenue of C$1.46 billion for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. Sell-side analysts expect that NFI Group will post 1.2814107 EPS for the current fiscal year.

Insider Activity at NFI Group

In other NFI Group news, Director Colin Robertson purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of C$20.82 per share, for a total transaction of C$312,300.00. Following the transaction, the director directly owned 333,783 shares in the company, valued at approximately C$6,949,362.06. The trade was a 4.71% increase in their ownership of the stock. Also, Director Daniel Barclay purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of C$20.76 per share, with a total value of C$519,000.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at approximately C$1,038,000. This represents a 100.00% increase in their ownership of the stock. In the last quarter, insiders have acquired 242,015 shares of company stock valued at $5,025,732. Insiders own 0.62% of the company’s stock.

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¿.