NFI Group (TSE:NFI) Hits New 52-Week High – Should You Buy?

NFI Group Inc. (TSE:NFI) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$25.86 and last traded at C$25.77, with a volume of 217285 shares changing hands. The stock had previously closed at C$25.08.

Analysts Set New Price Targets

NFI has been the topic of a number of analyst reports. Scotiabank lifted their target price on shares of 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. Canadian Imperial Bank of Commerce increased their price target on shares of NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. Canaccord Genuity Group upgraded shares of NFI Group to a “strong-buy” rating in a report on Monday, June 1st. National Bank Financial lifted their price target on shares of NFI Group from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Finally, Stifel Nicolaus upped their price objective on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$25.38.

NFI Group Stock Up 2.8%

The business has a 50-day moving average of C$23.08 and a 200-day moving average of C$19.94. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25. The stock has a market capitalization of C$3.07 billion, a price-to-earnings ratio of -24.71, a P/E/G ratio of -0.07 and a beta of 0.14.

NFI Group (TSE:NFI) last issued 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 net margin of 3.32% and a negative return on equity of 22.22%. The firm had revenue of C$1.17 billion for the quarter. On average, sell-side analysts expect that NFI Group Inc. will post 1.2814107 EPS for the current year.

Insiders Place Their Bets

In related news, insider Stephen King acquired 1,050 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 5,512 shares of the company’s stock, valued at approximately C$131,461.20. This trade represents a 23.53% increase in their position. Also, Director Colin Robertson acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of C$20.82 per share, with a total value of C$312,300.00. Following the transaction, the director directly owned 333,783 shares in the company, valued at C$6,949,362.06. This trade represents a 4.71% increase in their position. In the last ninety days, insiders bought 242,015 shares of company stock worth $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¿.