NFI Group Inc. (TSE:NFI) Receives Average Recommendation of “Moderate Buy” from Brokerages

NFI Group Inc. (TSE:NFI) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$22.20.

Several research analysts have recently commented on the company. Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. BMO Capital Markets downgraded shares of NFI Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, CIBC raised their price target on shares of NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th.

NFI Group Stock Performance

Shares of TSE:NFI opened at C$14.00 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.74 and a debt-to-equity ratio of 164.92. The company has a market capitalization of C$1.67 billion, a price-to-earnings ratio of -31.82, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The firm has a 50 day moving average of C$14.89 and a 200 day moving average of C$16.62. NFI Group has a 52 week low of C$10.89 and a 52 week high of C$19.55.

NFI Group Company Profile

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.