NFI Group (TSE:NFI) Given New C$13.00 Price Target at BMO Capital Markets

NFI Group (TSE:NFIGet Rating) had its price target decreased by analysts at BMO Capital Markets from C$15.50 to C$13.00 in a research report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 15.15% from the company’s previous close.

Other research analysts also recently issued reports about the company. Atb Cap Markets downgraded NFI Group from an “outperform” rating to a “speculative” rating in a report on Thursday, March 10th. Scotiabank dropped their price objective on NFI Group from C$22.00 to C$18.00 in a report on Monday. ATB Capital dropped their price objective on NFI Group from C$35.00 to C$28.00 and set an “outperform” rating for the company in a report on Tuesday, March 1st. National Bankshares downgraded NFI Group from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$19.00 to C$14.00 in a report on Monday. Finally, TD Securities dropped their price objective on NFI Group from C$18.00 to C$13.50 and set a “hold” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$15.83.

NFI traded down C$0.50 during trading on Monday, hitting C$11.29. The company’s stock had a trading volume of 565,973 shares, compared to its average volume of 432,824. The firm’s 50 day moving average price is C$15.99 and its 200-day moving average price is C$19.27. The company has a debt-to-equity ratio of 113.15, a current ratio of 1.77 and a quick ratio of 0.82. The stock has a market cap of C$870.81 million and a PE ratio of -42.60. NFI Group has a twelve month low of C$10.39 and a twelve month high of C$31.80.

NFI Group (TSE:NFIGet Rating) last issued its quarterly earnings results on Thursday, March 10th. The company reported C($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.14) by C($0.12). The business had revenue of C$871.16 million during the quarter, compared to the consensus estimate of C$757.22 million. Equities analysts anticipate that NFI Group will post 1.0300001 earnings per share for the current year.

In related news, Director Larry Dean Edwards purchased 5,180 shares of NFI Group stock in a transaction dated Monday, March 14th. The shares were acquired at an average price of C$13.91 per share, with a total value of C$72,072.45. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately C$208,704. Also, Director Adam L. Gray purchased 225,400 shares of NFI Group stock in a transaction dated Wednesday, March 16th. The shares were bought at an average cost of C$14.78 per share, for a total transaction of C$3,331,412.00. Following the transaction, the director now directly owns 7,437,487 shares of the company’s stock, valued at approximately C$109,926,057.86. Over the last three months, insiders acquired 982,580 shares of company stock valued at $15,485,854.

NFI Group Company Profile (Get Rating)

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the Alexander Dennis Limited brand name; motor coaches under Plaxton and MCI brand names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts brand name, as well as articulated buses.

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