NFI Group (TSE:NFI) Stock Passes Above 50 Day Moving Average – Here’s Why

NFI Group Inc. (TSE:NFI) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$13.94 and traded as high as C$16.06. NFI Group shares last traded at C$15.73, with a volume of 172,191 shares traded.

Analyst Ratings Changes

A number of research firms have weighed in on NFI. National Bankshares decreased their price target on NFI Group from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. CIBC lowered their target price 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. Scotiabank cut their price target on shares of NFI Group from C$23.00 to C$22.00 in a research note on Monday, September 29th. Finally, BMO Capital Markets decreased their price objective on shares of NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$21.67.

NFI Group Trading Down 0.4%

The business has a 50 day moving average of C$13.94 and a two-hundred day moving average of C$16.33. The firm has a market cap of C$1.87 billion, a P/E ratio of -6.45, a PEG ratio of -0.07 and a beta of 0.65. 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 (TSE:NFI) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. NFI Group had a negative net margin of 0.79% and a negative return on equity of 3.45%. Analysts predict that NFI Group Inc. will post 1.2814107 earnings per share for the current 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. Aftermarket operations include spare parts and servicing related to transit buses and motor coaches.