NFI Group (TSE:NFI) Trading 10.1% Higher

NFI Group Inc. (TSE:NFI) shot up 10.1% on Friday . The stock traded as high as C$12.60 and last traded at C$12.42. 135,869 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 125,922 shares. The stock had previously closed at C$11.28.

Analyst Ratings Changes

A number of research firms have issued reports on NFI. BMO Capital Markets cut their target price on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. National Bankshares lifted 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 report on Wednesday, January 17th. Finally, CIBC upped 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, one has issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$18.58.

NFI Group Price Performance

The business has a fifty day moving average price of C$11.90 and a 200 day moving average price of C$12.73. The company has a debt-to-equity ratio of 161.79, a current ratio of 1.84 and a quick ratio of 0.55. The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -6.41, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35.

NFI Group (TSE:NFI) last released its earnings results on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, beating the consensus estimate of C($0.28) by C$0.21. The firm had revenue of C$1.08 billion for the quarter, compared to analysts’ expectations of C$1.21 billion. NFI Group had a negative net margin of 5.07% and a negative return on equity of 21.27%. On average, research analysts expect that NFI Group Inc. will post 0.2237351 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Brian Keith Dewsnup bought 5,750 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of C$8.39 per share, for a total transaction of C$48,213.75. In other NFI Group news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of C$8.39 per share, with a total value of C$48,213.75. Also, Director Wendy Wai Ting Kei sold 6,888 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$11.44, for a total transaction of C$78,798.72. Insiders have bought a total of 64,228 shares of company stock valued at $734,754 over the last quarter. Corporate insiders own 0.78% of the company’s stock.

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.