NFI Group (TSE:NFI) Director Colin Robertson Purchases 10,000 Shares

NFI Group Inc. (TSE:NFI) Director Colin Robertson purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was bought at an average cost of C$22.55 per share, for a total transaction of C$225,500.00. Following the acquisition, the director directly owned 343,783 shares in the company, valued at approximately C$7,752,306.65. The trade was a 3.00% increase in their ownership of the stock.

NFI Group Price Performance

Shares of NFI Group stock traded up C$0.76 on Monday, hitting C$23.31. 509,918 shares of the company traded hands, compared to its average volume of 317,752. 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 current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. The company has a market cap of C$2.78 billion, a P/E ratio of 51.43, a P/E/G ratio of -0.07 and a beta of 0.16. The firm’s 50-day simple moving average is C$24.30 and its 200 day simple moving average is C$21.47.

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

Wall Street Analyst Weigh In

NFI has been the topic of several recent research reports. National Bank Financial increased their price objective on 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. BMO Capital Markets boosted their target price on NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Stifel Nicolaus upped their target price on NFI Group from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce boosted their price objective on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Finally, ATB Cormark Capital Markets upped 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, August 10th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, NFI Group has an average rating of “Buy” and a consensus price target 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¿.