NFI Group (TSE:NFI) Director John Christopher Sapp Acquires 1,845 Shares of Stock

NFI Group Inc. (TSE:NFI) Director John Christopher Sapp acquired 1,845 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of C$25.74 per share, for a total transaction of C$47,490.30. Following the acquisition, the director directly owned 25,343 shares of the company’s stock, valued at approximately C$652,328.82. This trade represents a 7.85% increase in their position.

NFI Group Stock Performance

Shares of NFI opened at C$24.60 on Friday. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. The stock has a 50-day moving average of C$24.20 and a 200-day moving average of C$21.01. The company has a market cap of C$2.93 billion, a PE ratio of 54.28, a P/E/G ratio of -0.07 and a beta of 0.16. NFI Group Inc. has a one year low of C$12.50 and a one year high of C$26.40.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, August 6th. The company reported C$0.33 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%. On average, equities research analysts predict that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Stifel Nicolaus increased their target price on NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a report on Monday. Scotiabank boosted their price target on shares of NFI Group from C$27.00 to C$28.50 and gave the company a “sector outperform” rating in a research note on Wednesday. Canaccord Genuity Group upped their price objective on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday. TD upped their price objective on shares of NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a report on Monday. Finally, ATB Cormark Capital Markets raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, NFI Group has a consensus rating of “Buy” and a consensus price target of C$30.50.

Key Stories Impacting NFI Group

Here are the key news stories impacting NFI Group this week:

• Positive Sentiment: Director John Christopher Sapp purchased 1,845 NFI shares at an average price of C$25.74, investing approximately C$47,490. The transaction increased his direct ownership by 7.85% and may be viewed as a sign of management confidence in the company’s outlook.
• Positive Sentiment: Scotiabank raised its price target to C$28.50 from C$27.00 and maintained a “sector outperform” rating, implying approximately 14.2% upside from the quoted price. BayStreet analyst ratings
• Positive Sentiment: TD raised its NFI price target to C$33.00, while National Bank Financial increased its target to C$30.00. The target revisions reinforce a broadly bullish analyst view. TD raises NFI price target National Bank raises NFI price target
• Positive Sentiment: Canaccord Genuity, Stifel Nicolaus and ATB Capital Markets reportedly forecast strong price appreciation for NFI, adding to the positive analyst momentum. Canaccord Genuity NFI forecast Stifel Nicolaus NFI forecast ATB Cormark NFI forecast
• Positive Sentiment: A report says World Cup-related purchases boosted NFI Group revenue, suggesting event-driven demand is contributing to sales growth. World Cup purchases boost NFI Group revenues

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¿.