NFI Group (TSE:NFI) Shares Pass Above Fifty Day Moving Average – What’s Next?

NFI Group Inc. (TSE:NFI)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$14.16 and traded as high as C$16.03. NFI Group shares last traded at C$15.81, with a volume of 375,283 shares changing hands.

Analysts Set New Price Targets

NFI has been the subject of several recent analyst reports. Scotiabank lowered their price target on NFI Group from C$23.00 to C$22.00 in a report 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 for the company in a report on Monday, September 29th. National Bankshares dropped their price target on shares of NFI Group from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. Finally, BMO Capital Markets cut their price target on shares of NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$21.67.

NFI Group Stock Down 0.2%

The firm’s 50-day moving average price is C$14.16 and its 200-day moving average price is C$16.33. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The company has a market cap of C$1.88 billion, a price-to-earnings ratio of -6.49, a price-to-earnings-growth ratio of -0.07 and a beta of 0.60.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share for the quarter. NFI Group had a negative net margin of 0.79% and a negative return on equity of 3.45%. Sell-side analysts forecast that NFI Group Inc. 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. Aftermarket operations include spare parts and servicing related to transit buses and motor coaches.