TD Securities Trims NFI Group (TSE:NFI) Target Price to C$13.50

NFI Group (TSE:NFIGet Rating) had its price target decreased by equities research analysts at TD Securities from C$18.00 to C$13.50 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 19.57% from the stock’s current price.

Several other equities research analysts have also recently weighed in on NFI. Scotiabank decreased their price target on NFI Group from C$28.00 to C$22.00 in a research note on Friday, March 11th. BMO Capital Markets cut NFI Group from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$21.00 to C$15.50 in a research note on Tuesday, April 26th. CIBC decreased their price target on NFI Group from C$18.00 to C$12.00 and set a “neutral” rating for the company in a research note on Monday. Atb Cap Markets cut NFI Group from an “outperform” rating to a “speculative” rating in a research note on Thursday, March 10th. Finally, ATB Capital decreased their target price on NFI Group from C$35.00 to C$28.00 and set an “outperform” rating for the company in a research note on Tuesday, March 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$15.83.

NFI traded down C$0.50 on Monday, reaching C$11.29. The stock had a trading volume of 565,973 shares, compared to its average volume of 432,824. NFI Group has a fifty-two week low of C$10.39 and a fifty-two week high of C$31.80. The firm has a 50-day moving average of C$15.99 and a 200-day moving average of C$19.27. The company has a current ratio of 1.77, a quick ratio of 0.82 and a debt-to-equity ratio of 113.15. The company has a market capitalization of C$870.81 million and a price-to-earnings ratio of -42.60.

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 consensus estimate of C($0.14) by C($0.12). The firm had revenue of C$871.16 million during the quarter, compared to the consensus estimate of C$757.22 million. Sell-side analysts anticipate that NFI Group will post 1.0300001 EPS for the current fiscal year.

In other news, Director Adam L. Gray purchased 225,400 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were acquired at an average price of C$14.78 per share, for a total transaction of C$3,331,412.00. Following the completion of the acquisition, the director now owns 7,437,487 shares in the company, valued at C$109,926,057.86. Also, Director Larry Dean Edwards purchased 5,180 shares of the business’s stock in a transaction on Monday, March 14th. The stock was purchased at an average price of C$13.91 per share, for a total transaction of C$72,072.45. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately C$208,704. In the last quarter, insiders acquired 982,580 shares of company stock worth $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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