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

Shares of NFI Group Inc. (TSE:NFI) have been assigned an average rating of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$22.43.

A number of analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. BMO Capital Markets decreased their price objective on shares of NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. ATB Cormark Capital Markets boosted their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. National Bank Financial cut their target price 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. Finally, TD Securities raised NFI Group to a “strong-buy” rating in a report on Friday, January 30th.

NFI Group Stock Down 2.1%

NFI stock opened at C$18.83 on Tuesday. NFI Group has a 52 week low of C$9.83 and a 52 week high of C$19.90. The business has a 50-day simple moving average of C$17.51 and a 200 day simple moving average of C$15.84. The company has a quick ratio of 0.55, a current ratio of 1.47 and a debt-to-equity ratio of 220.13. The company has a market cap of C$2.24 billion, a PE ratio of -15.78, a price-to-earnings-growth ratio of -0.07 and a beta of 0.22.

NFI Group (TSE:NFI) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.68 earnings per share (EPS) for the quarter. NFI Group had a negative net margin of 3.80% and a negative return on equity of 24.33%. The firm had revenue of C$1.33 billion for the quarter. Sell-side analysts anticipate that NFI Group will post 1.2814107 EPS for the current fiscal year.

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¿.