NFI Group (TSE:NFI) Upgraded to Buy at Stifel Nicolaus

NFI Group (TSE:NFI) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Monday, BayStreet.CA reports. The firm currently has a C$18.00 price target on the stock, up from their prior price target of C$15.00. Stifel Nicolaus’ price objective indicates a potential upside of 36.16% from the stock’s current price.

NFI has been the subject of several other research reports. BMO Capital Markets decreased their price objective on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Friday, March 1st. ATB Capital boosted their price target on shares of NFI Group from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Monday. National Bankshares raised their price objective on shares of NFI Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th. Finally, CIBC boosted their target price on shares of NFI Group from C$11.50 to C$12.00 and gave the stock an “underperform” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$19.33.

NFI Group Stock Down 0.7 %

NFI Group stock opened at C$13.22 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 163.50. The company has a market capitalization of C$1.57 billion, a PE ratio of -9.94, a PEG ratio of -0.07 and a beta of 1.35. The firm’s fifty day moving average is C$11.93 and its 200 day moving average is C$12.72. NFI Group has a 12-month low of C$8.35 and a 12-month high of C$14.55.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.28) by C$0.21. NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%. The company had revenue of C$1.08 billion for the quarter, compared to analysts’ expectations of C$1.21 billion. As a group, sell-side analysts predict that NFI Group will post 0.2266807 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Brian Keith Dewsnup bought 5,750 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of C$8.39 per share, for a total transaction of C$48,213.75. In other NFI Group news, Director Richard Paul Davies purchased 2,570 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of C$13.17 per share, for a total transaction of C$33,846.90. Also, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of NFI Group stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of C$8.39 per share, with a total value of C$48,213.75. Insiders have bought 64,228 shares of company stock valued at $734,754 in the last three months. 0.65% of the stock is currently owned by insiders.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.