NFI Group (TSE:NFI) Price Target Raised to C$28.50

NFI Group (TSE:NFI) had its price target raised by Scotiabank from C$27.00 to C$28.50 in a research note released on Wednesday,BayStreet.CA reports. They currently have a sector outperform rating on the stock.

A number of other brokerages have also commented on NFI. National Bank Financial raised their price target on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Canaccord Genuity Group boosted their price objective on shares of NFI Group from C$35.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce upped their price objective on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Stifel Nicolaus raised their target price on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, ATB Cormark Capital Markets lifted their target price on shares of NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat, NFI Group currently has a consensus rating of “Buy” and a consensus target price of C$30.50.

NFI Group Trading Down 0.9%

TSE NFI opened at C$24.38 on Wednesday. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The stock has a 50 day simple moving average of C$24.24 and a two-hundred day simple moving average of C$21.03. The stock has a market cap of C$2.90 billion, a P/E ratio of 53.80, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%.The firm had revenue of C$1.46 billion for the quarter. On average, analysts forecast that NFI Group will post 1.2814107 earnings per share for the current year.

Insider Activity

In other news, Director John Christopher Sapp bought 1,845 shares of the stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of C$25.74 per share, for a total transaction of C$47,490.30. Following the purchase, the director directly owned 25,343 shares in the company, valued at C$652,328.82. This trade represents a 7.85% increase in their position. Also, insider Stephen King purchased 1,050 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the completion of the transaction, the insider directly owned 5,512 shares of the company’s stock, valued at C$131,461.20. This represents a 23.53% increase in their ownership of the stock. Insiders bought a total of 190,360 shares of company stock worth $3,961,192 in the last quarter. 0.62% of the stock is owned by company insiders.

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¿.