NFI Group (NFI) Stock Rating Lowered by TD Securities

NFI Group (TSE:NFI) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued on Friday. They currently have a C$35.00 price objective on the stock, down from their previous price objective of C$46.00. TD Securities’ target price suggests a potential upside of 14.38% from the stock’s previous close.

Other analysts have also recently issued reports about the company. National Bank Financial cut their price objective on NFI Group from C$46.00 to C$44.00 and set an “outperform” rating for the company in a research report on Friday. CIBC dropped their price target on NFI Group from C$47.00 to C$45.00 in a research report on Friday. Finally, BMO Capital Markets dropped their price target on NFI Group from C$44.00 to C$39.00 in a research report on Wednesday, November 21st.

Shares of NFI Group stock traded down C$0.14 on Friday, reaching C$30.60. The company’s stock had a trading volume of 565,259 shares, compared to its average volume of 366,425. The stock has a market capitalization of $1.92 billion and a PE ratio of 9.99. NFI Group has a 52-week low of C$28.47 and a 52-week high of C$61.25. The company has a debt-to-equity ratio of 79.33, a current ratio of 1.95 and a quick ratio of 0.98.

In other news, insider Adam L. Gray purchased 35,733 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The stock was purchased at an average cost of C$32.46 per share, for a total transaction of C$1,159,893.18. Also, insider Vincent James Sardo sold 1,900 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of C$33.15, for a total value of C$62,985.00. Following the sale, the insider now owns 16,194 shares of the company’s stock, valued at C$536,831.10.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.

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