NFI Group (TSE:NFI) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

NFI Group Inc. (TSE:NFI)’s share price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$24.12 and traded as high as C$24.69. NFI Group shares last traded at C$24.63, with a volume of 362,557 shares traded.

Analyst Ratings Changes

A number of equities analysts have weighed in on NFI shares. BMO Capital Markets boosted their price target on NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Stifel Nicolaus raised their price objective on NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Canaccord Genuity Group lifted their target price on NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. TD boosted their target price on NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, National Bank Financial increased their price target on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$30.50.

NFI Group Stock Up 0.6%

The firm has a market cap of C$2.94 billion, a P/E ratio of 54.52, a P/E/G ratio of -0.07 and a beta of 0.21. 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 firm’s fifty day moving average is C$24.09 and its 200 day moving average is C$22.52.

NFI Group (TSE:NFI) last announced its quarterly 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 for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. As a group, equities research analysts anticipate that NFI Group Inc. will post 1.2814107 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Colin Robertson bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were bought at an average price of C$22.55 per share, with a total value of C$225,500.00. Following the completion of the transaction, the director owned 343,783 shares of the company’s stock, valued at C$7,752,306.65. This trade represents a 3.00% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 1,900 shares of the stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the purchase, the director owned 27,243 shares of the company’s stock, valued at C$677,805.84. This trade represents a 7.50% increase in their position. Over the last quarter, insiders have bought 16,995 shares of company stock valued at $396,102. 0.62% of the stock is owned by insiders.

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¿.