NFI Group Inc. (TSE:NFI) Receives Average Rating of “Buy” from Brokerages

Shares of NFI Group Inc. (TSE:NFI) have earned an average rating of “Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$22.14.

NFI has been the subject of several research analyst reports. TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a report on Friday, January 30th. National Bankshares lowered their target price on NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Finally, BMO Capital Markets dropped their target price on NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th.

Insider Activity at NFI Group

In other NFI Group news, Director Colin Robertson bought 10,000 shares of NFI Group stock in a transaction on Wednesday, December 24th. The shares were purchased at an average cost of C$15.97 per share, with a total value of C$159,700.00. Following the acquisition, the director directly owned 56,217 shares of the company’s stock, valued at C$897,785.49. The trade was a 21.64% increase in their position. Also, insider Brian Keith Dewsnup purchased 4,100 shares of the firm’s stock in a transaction on Friday, December 26th. The stock was acquired at an average price of C$16.14 per share, with a total value of C$66,174.00. Following the completion of the transaction, the insider owned 69,010 shares in the company, valued at approximately C$1,113,821.40. This trade represents a 6.32% increase in their position. Over the last quarter, insiders have purchased 15,640 shares of company stock worth $250,305. 0.62% of the stock is owned by corporate insiders.

NFI Group Stock Up 0.8%

NFI stock opened at C$17.50 on Monday. The firm has a 50-day moving average price of C$15.65 and a 200-day moving average price of C$16.09. NFI Group has a 12 month low of C$9.83 and a 12 month high of C$19.90. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The stock has a market capitalization of C$2.08 billion, a P/E ratio of -7.18, a price-to-earnings-growth ratio of -0.07 and a beta of 0.47.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. NFI Group had a negative net margin of 0.79% and a negative return on equity of 3.45%. As a group, equities research 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¿.