BMO Capital Markets Upgrades NFI Group (TSE:NFI) to Strong-Buy

NFI Group (TSE:NFI) was upgraded by equities researchers at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a C$23.00 target price on the stock, up from their prior target price of C$14.00. BMO Capital Markets’ price objective points to a potential upside of 22.02% from the stock’s current price.

Separately, Stifel Nicolaus lowered their price objective on NFI Group from C$23.00 to C$22.00 and set a “buy” rating for the company in a research report on Wednesday, June 4th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$22.60.

NFI Group Trading Down 1.4%

TSE:NFI opened at C$18.85 on Thursday. The company has a 50-day moving average price of C$16.42 and a 200-day moving average price of C$13.54. The stock has a market cap of C$1.56 billion, a price-to-earnings ratio of -64.58, a P/E/G ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. NFI Group has a 12 month low of C$9.83 and a 12 month high of C$19.55.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.