National Bank Financial Forecasts Strong Price Appreciation for NFI Group (TSE:NFI) Stock

NFI Group (TSE:NFI) had its price target increased by equities researchers at National Bank Financial from C$26.00 to C$29.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 13.73% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. TD upped their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce raised their price target on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Canaccord Genuity Group raised shares of NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. Finally, Scotiabank boosted their price objective on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$25.38.

NFI Group Price Performance

Shares of TSE NFI opened at C$25.50 on Thursday. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. NFI Group has a 1-year low of C$12.50 and a 1-year high of C$25.86. The company has a market capitalization of C$3.04 billion, a price-to-earnings ratio of -24.46, a PEG ratio of -0.07 and a beta of 0.14. The business has a 50-day moving average of C$22.89 and a 200-day moving average of C$19.77.

NFI Group (TSE:NFI) last announced its earnings results on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. The business had revenue of C$1.17 billion for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. On average, equities analysts anticipate that NFI Group will post 1.2814107 EPS for the current fiscal year.

Insider Activity at NFI Group

In related news, insider Stephen King purchased 1,050 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the transaction, the insider owned 5,512 shares of the company’s stock, valued at C$131,461.20. This represents a 23.53% increase in their ownership of the stock. Also, Director John Christopher Sapp purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of C$20.66 per share, with a total value of C$51,650.00. Following the purchase, the director owned 20,653 shares of the company’s stock, valued at approximately C$426,690.98. The trade was a 13.77% increase in their position. In the last 90 days, insiders bought 242,015 shares of company stock worth $5,025,732. 0.62% of the stock is currently owned by insiders.

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¿.