NFI Group (TSE:NFI) Price Target Cut to C$17.00 by Analysts at BMO Capital Markets

NFI Group (TSE:NFI) had its price objective decreased by BMO Capital Markets from C$18.00 to C$17.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other research analysts also recently weighed in on the company. National Bankshares dropped their target price on NFI Group from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Scotiabank dropped their price target on NFI Group from C$23.00 to C$22.00 in a research note on Monday, September 29th. Finally, CIBC cut 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 report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$21.67.

NFI Group Stock Performance

TSE:NFI opened at C$13.51 on Monday. NFI Group has a 52 week low of C$9.83 and a 52 week high of C$19.90. The firm has a 50 day moving average of C$14.05 and a 200 day moving average of C$16.41. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. The stock has a market capitalization of C$1.61 billion, a price-to-earnings ratio of -5.54, a PEG ratio of -0.07 and a beta of 0.65.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. NFI Group had a negative net margin of 0.79% and a negative return on equity of 3.45%. As a group, sell-side analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

NFI Group Company Profile

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.