ATB Cormark Capital Markets Raises NFI Group (TSE:NFI) Price Target to C$28.00

NFI Group (TSE:NFI) had its price target boosted by stock analysts at ATB Cormark Capital Markets from C$27.00 to C$28.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 65.29% from the stock’s previous close.

Several other research firms also recently commented on NFI. TD Securities upgraded NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. BMO Capital Markets lowered their price target on NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th. Finally, National Bank Financial dropped their price objective on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$22.43.

NFI Group Price Performance

TSE NFI opened at C$16.94 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.55 and a debt-to-equity ratio of 220.13. The stock’s 50 day moving average is C$17.00 and its two-hundred day moving average is C$15.84. The company has a market capitalization of C$2.02 billion, a price-to-earnings ratio of -6.95, a PEG ratio of -0.07 and a beta of 0.22. NFI Group has a 1-year low of C$9.83 and a 1-year high of C$19.90.

Insider Activity

In other NFI Group news, insider Brian Keith Dewsnup bought 4,100 shares of NFI Group stock in a transaction dated Friday, December 26th. The shares were acquired at an average cost of C$16.14 per share, with a total value of C$66,174.00. Following the acquisition, the insider directly owned 69,010 shares of the company’s stock, valued at C$1,113,821.40. The trade was a 6.32% increase in their ownership of the stock. Also, Director Colin Robertson bought 10,000 shares of NFI Group 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 completion of the acquisition, the director directly owned 56,217 shares in the company, valued at C$897,785.49. This represents a 21.64% increase in their ownership of the stock. Insiders have acquired 15,640 shares of company stock worth $250,305 over the last ninety days. Insiders own 0.62% of the company’s stock.

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¿.