Brian Keith Dewsnup Purchases 2,000 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) insider Brian Keith Dewsnup bought 2,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were bought at an average cost of C$23.29 per share, with a total value of C$46,580.00. Following the purchase, the insider directly owned 75,610 shares in the company, valued at approximately C$1,760,956.90. This trade represents a 2.72% increase in their ownership of the stock.

NFI Group Trading Up 2.9%

NFI Group stock opened at C$23.92 on Friday. NFI Group Inc. has a 12 month low of C$12.50 and a 12 month high of C$26.40. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. The stock has a market cap of C$2.85 billion, a P/E ratio of 52.78, a P/E/G ratio of -0.07 and a beta of 0.16. The company’s fifty day simple moving average is C$24.32 and its 200-day simple moving average is C$21.63.

NFI Group (TSE:NFI) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. The business had revenue of C$1.46 billion during the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. As a group, sell-side analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NFI. ATB Cormark Capital Markets lifted their price target on NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Monday, August 10th. BMO Capital Markets increased their price objective on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. National Bank Financial raised their price objective on shares of NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. TD lifted their target price on shares of NFI Group from C$26.00 to C$33.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Scotiabank boosted their target price on shares of NFI Group from C$27.00 to C$28.50 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat, NFI Group has a consensus rating of “Buy” and a consensus target price of C$30.50.

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¿.