NFI Group (TSE:NFI) PT Raised to C$12.50

NFI Group (TSE:NFI) had its target price hoisted by stock analysts at CIBC from C$12.00 to C$12.50 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “underperform” rating on the stock. CIBC’s target price indicates a potential downside of 6.37% from the stock’s previous close.

Several other equities analysts also recently commented on the company. National Bankshares lowered their price objective on NFI Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Monday. Stifel Nicolaus raised NFI Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$15.00 to C$18.00 in a report on Monday. BMO Capital Markets cut their price target 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. Finally, ATB Capital upped their price objective on NFI Group from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NFI Group has a consensus rating of “Moderate Buy” and a consensus price target of C$19.33.

NFI Group Trading Up 1.0 %

NFI Group stock opened at C$13.35 on Tuesday. The business has a 50-day simple moving average of C$11.95 and a two-hundred day simple moving average of C$12.72. NFI Group has a 52-week low of C$8.35 and a 52-week high of C$14.55. 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 cap of C$1.59 billion, a P/E ratio of -10.04, a P/E/G ratio of -0.07 and a beta of 1.35.

NFI Group (TSE:NFI) last announced its earnings results on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, beating analysts’ consensus estimates of C($0.28) by C$0.21. The business had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.21 billion. NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%. Analysts predict that NFI Group will post 0.2266807 EPS for the current year.

Insider Transactions at NFI Group

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