NFI Group Inc. (TSE:NFI) Given Average Rating of “Buy” by Brokerages

Shares of NFI Group Inc. (TSE:NFI) have received an average recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$22.14.

Several equities research analysts recently commented on NFI shares. TD Securities raised NFI Group to a “strong-buy” rating in a report on Friday, January 30th. National Bank Financial lowered their price target on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 3rd. Finally, BMO Capital Markets cut their price objective on NFI Group from C$18.00 to C$17.00 in a report on Monday, December 8th.

NFI Group Stock Performance

NFI stock opened at C$16.92 on Friday. The company has a 50-day simple moving average of C$16.93 and a 200 day simple moving average of C$15.96. The company has a market capitalization of C$2.01 billion, a P/E ratio of -6.94, a PEG ratio of -0.07 and a beta of 0.47. The company has a quick ratio of 0.55, a current ratio of 1.42 and a debt-to-equity ratio of 306.77. NFI Group has a fifty-two week low of C$9.83 and a fifty-two week high of C$19.90.

NFI Group (TSE:NFI) last released 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 8.42% and a negative return on equity of 48.23%. Sell-side analysts predict that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

Insider Transactions at NFI Group

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