NFI Group (TSE:NFI) Raised to “Strong-Buy” at TD Securities

NFI Group (TSE:NFI) was upgraded by research analysts at TD Securities to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

Separately, 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. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$22.14.

NFI Group Stock Performance

NFI Group stock opened at C$16.54 on Friday. The company has a market cap of C$1.97 billion, a price-to-earnings ratio of -6.79, a price-to-earnings-growth ratio of -0.07 and a beta of 0.60. NFI Group has a 12 month low of C$9.83 and a 12 month high of C$19.90. 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 stock’s 50-day moving average is C$15.26 and its 200-day moving average is C$16.16.

NFI Group (TSE:NFI) last issued its earnings results 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%. Equities analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current year.

Insiders Place Their Bets

In other NFI Group news, insider Brian Keith Dewsnup bought 4,100 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were purchased at an average cost of C$16.14 per share, for a total transaction of C$66,174.00. Following the transaction, the insider directly owned 69,010 shares in the company, valued at C$1,113,821.40. The trade was a 6.32% increase in their ownership of the stock. Also, Director Colin Robertson purchased 10,000 shares of the stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average cost of C$15.97 per share, for a total transaction of C$159,700.00. Following the completion of the acquisition, the director directly owned 56,217 shares of the company’s stock, valued at approximately C$897,785.49. This trade represents a 21.64% increase in their position. Insiders acquired 15,640 shares of company stock worth $250,305 over the last quarter. 0.62% of the stock is currently owned by company insiders.

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¿.