NFI Group (TSE:NFI) Given New C$22.00 Price Target at National Bankshares

NFI Group (TSE:NFI) had its price target reduced by National Bankshares from C$28.00 to C$22.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. TD Securities raised NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. BMO Capital Markets reduced their target price on NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. Two research analysts have 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 data from MarketBeat.com, NFI Group presently has an average rating of “Buy” and a consensus price target of C$22.14.

NFI Group Price Performance

NFI Group stock opened at C$17.53 on Tuesday. NFI Group has a 12-month low of C$9.83 and a 12-month high of C$19.90. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm has a 50-day moving average price of C$15.42 and a 200-day moving average price of C$16.12. The firm has a market capitalization of C$2.09 billion, a PE ratio of -7.19, a price-to-earnings-growth ratio of -0.07 and a beta of 0.47.

NFI Group (TSE:NFI) last issued its quarterly 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%. As a group, equities research analysts forecast that NFI Group will post 1.2814107 EPS for the current year.

Insiders Place Their Bets

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

About NFI Group

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¿.