NFI Group Inc. (TSE:NFI) Receives C$22.43 Average PT from Brokerages

Shares of NFI Group Inc. (TSE:NFI) have earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$22.43.

A number of research analysts have recently issued reports on the company. Scotiabank raised 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 reduced 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. ATB Cormark Capital Markets raised 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. Finally, TD Securities raised NFI Group to a “strong-buy” rating in a research note on Friday, January 30th.

NFI Group Stock Up 1.5%

Shares of TSE:NFI opened at C$21.36 on Friday. The stock’s 50-day moving average price is C$18.64 and its 200-day moving average price is C$16.32. NFI Group has a 12-month low of C$11.36 and a 12-month high of C$21.59. The stock has a market capitalization of C$2.54 billion, a P/E ratio of -17.90, a price-to-earnings-growth ratio of -0.07 and a beta of -0.07. The company has a current ratio of 1.47, a quick ratio of 0.55 and a debt-to-equity ratio of 220.13.

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 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. On average, equities analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current year.

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¿.