NFI Group (TSE:NFI) Price Target Raised to C$12.50 at CIBC

NFI Group (TSE:NFI) had its price target increased by CIBC from C$12.00 to C$12.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have an underperform rating on the stock.

A number of other brokerages also recently commented on NFI. National Bankshares decreased their target price on NFI Group from C$20.00 to C$19.00 and set an outperform rating for the company in a report on Monday. ATB Capital upped their price objective on shares of NFI Group from C$17.00 to C$18.00 and gave the stock an outperform rating in a report on Monday. Stifel Nicolaus raised shares of NFI Group from a hold rating to a buy rating and lifted their target price for the company from C$15.00 to C$18.00 in a research note on Monday. Finally, BMO Capital Markets decreased their price target on shares of NFI Group from C$17.00 to C$15.00 and set an outperform rating for the company in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$19.33.

NFI Group Trading Down 0.7 %

Shares of NFI opened at C$13.22 on Tuesday. The firm has a fifty day simple moving average of C$11.93 and a two-hundred day simple moving average of C$12.72. NFI Group has a twelve month low of C$8.35 and a twelve month high of C$14.55. The stock has a market capitalization of C$1.57 billion, a P/E ratio of -9.94, a PEG ratio of -0.07 and a beta of 1.35. The company has a quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 163.50.

NFI Group (TSE:NFI) last posted its earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.28) by C$0.21. The company had revenue of C$1.08 billion for the quarter, compared to analysts’ expectations of C$1.21 billion. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. On average, research analysts anticipate that NFI Group will post 0.2266807 EPS for the current year.

Insider Transactions at NFI Group

In other NFI Group news, Director Richard Paul Davies purchased 2,570 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of C$13.17 per share, with a total value of C$33,846.90. In related news, Director Colin Robertson bought 50,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of C$11.65 per share, with a total value of C$582,375.00. Also, Director Richard Paul Davies bought 2,570 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was purchased at an average cost of C$13.17 per share, with a total value of C$33,846.90. Insiders have acquired 64,228 shares of company stock valued at $734,754 in the last three months. 0.65% of the stock is currently owned by company insiders.

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.