NFI Group (TSE:NFI) Sets New 52-Week High – Here’s What Happened

Shares of NFI Group Inc. (TSE:NFI) reached a new 52-week high on Friday . The stock traded as high as C$19.94 and last traded at C$19.93, with a volume of 22722 shares changing hands. The stock had previously closed at C$19.55.

Wall Street Analysts Forecast Growth

NFI has been the topic of several analyst reports. ATB Cormark Capital Markets upped their price objective on NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Scotiabank upped their price objective on NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. National Bank Financial lowered their price objective on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Finally, TD Securities upgraded NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$22.43.

NFI Group Stock Performance

The firm has a fifty day simple moving average of C$17.93 and a 200-day simple moving average of C$15.93. 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 has a market cap of C$2.42 billion, a price-to-earnings ratio of -17.02, a P/E/G ratio of -0.07 and a beta of -0.07.

NFI Group (TSE:NFI) last posted 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 return on equity of 24.33% and a negative net margin of 3.80%.The firm had revenue of C$1.33 billion for the quarter. Analysts forecast that NFI Group Inc. 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¿.