NFI Group (TSE:NFI) Stock Rating Upgraded by Stifel Nicolaus

NFI Group (TSE:NFI) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Monday, BayStreet.CA reports. The firm currently has a C$18.00 price objective on the stock, up from their prior price objective of C$15.00. Stifel Nicolaus’ price target indicates a potential upside of 36.16% from the company’s current price.

NFI has been the topic of a number of other research reports. CIBC raised their price target on shares of NFI Group from C$11.50 to C$12.00 and gave the company an “underperform” rating in a report on Monday, January 22nd. 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 report on Friday, March 1st. ATB Capital upped their price target on NFI Group from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, National Bankshares raised their price objective on NFI Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$19.33.

NFI Group Stock Performance

Shares of TSE NFI opened at C$13.22 on Monday. NFI Group has a one year low of C$8.35 and a one year high of C$14.55. The business’s 50-day moving average price is C$11.93 and its two-hundred day moving average price is C$12.72. The company has a debt-to-equity ratio of 163.50, a current ratio of 1.81 and a quick ratio of 0.55. The company has a market capitalization of C$1.57 billion, a P/E ratio of -9.94, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35.

NFI Group (TSE:NFI) last announced its quarterly 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 business had revenue of C$1.08 billion during 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%. Analysts anticipate that NFI Group will post 0.2266807 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NFI Group news, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of C$8.39 per share, for a total transaction of C$48,213.75. In related news, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were 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 stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total value of C$78,798.72. Insiders bought a total of 64,228 shares of company stock valued at $734,754 over the last ninety days. 0.65% of the stock is 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.