Stephen King Buys 640 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) insider Stephen King purchased 640 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were purchased at an average cost of C$15.70 per share, for a total transaction of C$10,048.00. Following the transaction, the insider directly owned 640 shares in the company, valued at approximately C$10,048. The trade was a ∞ increase in their ownership of the stock.

NFI Group Stock Up 0.1%

NFI stock opened at C$16.68 on Monday. The stock has a fifty day moving average of C$14.90 and a 200-day moving average of C$16.20. NFI Group Inc. has a fifty-two week low of C$9.83 and a fifty-two week high of C$19.90. The company has a market capitalization of C$1.99 billion, a price-to-earnings ratio of -6.84, a PEG ratio of -0.07 and a beta of 0.60. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.55 and a current ratio of 1.71.

NFI Group (TSE:NFI) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. NFI Group had a negative return on equity of 3.45% and a negative net margin of 0.79%. As a group, equities research analysts predict that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. CIBC cut their price objective 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. BMO Capital Markets dropped their target price on NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th. National Bankshares cut their price target on 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. Finally, Scotiabank reduced their price target on NFI Group from C$23.00 to C$22.00 in a research report on Monday, September 29th. One equities research 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. According to data from MarketBeat, NFI Group currently has an average rating of “Buy” and an average target price of C$21.67.

NFI Group Company Profile

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.