BMO Capital Markets Issues Pessimistic Forecast for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI) had its target price dropped by investment analysts at BMO Capital Markets from C$20.00 to C$18.00 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 33.93% from the company’s previous close.

Several other analysts have also weighed in on the company. Scotiabank lowered their target price on NFI Group from C$23.00 to C$22.00 in a report on Monday, September 29th. Stifel Nicolaus boosted their price objective on shares of NFI Group from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. CIBC lowered their price objective on shares of NFI Group from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Finally, National Bankshares dropped their target price on shares of NFI Group from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NFI Group currently has an average rating of “Buy” and a consensus price target of C$21.83.

NFI Group Price Performance

NFI stock opened at C$13.44 on Monday. The company has a market cap of C$1.60 billion, a price-to-earnings ratio of -5.51, a PEG ratio of -0.07 and a beta of 0.76. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm has a 50 day moving average of C$15.72 and a 200-day moving average of C$16.41. NFI Group has a 12-month low of C$9.83 and a 12-month high of C$19.90.

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.