NFI Group (NFI) Lowered to “Hold” at TD Securities

NFI Group (TSE:NFI) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a report released on Friday. They presently have a C$35.00 price objective on the stock, down from their prior price objective of C$46.00. TD Securities’ target price indicates a potential upside of 14.38% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. BMO Capital Markets dropped their price target on shares of NFI Group from C$39.00 to C$37.00 and set a “buy” rating for the company in a research report on Wednesday, January 16th. CIBC dropped their price target on shares of NFI Group from C$50.00 to C$48.00 in a research report on Wednesday, January 2nd. Finally, National Bank Financial dropped their target price on shares of NFI Group from C$55.00 to C$46.00 and set an “outperform” rating for the company in a research report on Thursday, January 17th.

Shares of NFI traded down C$0.14 during mid-day trading on Friday, reaching C$30.60. The stock had a trading volume of 571,709 shares, compared to its average volume of 366,425. The firm has a market cap of $1.92 billion and a P/E ratio of 9.99. NFI Group has a 12 month low of C$28.47 and a 12 month high of C$61.25. The company has a debt-to-equity ratio of 79.33, a current ratio of 1.95 and a quick ratio of 0.98.

In related news, insider Adam L. Gray bought 35,733 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The stock was purchased at an average price of C$32.46 per share, for a total transaction of C$1,159,893.18. Also, insider Vincent James Sardo sold 1,900 shares of the company’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of C$33.15, for a total transaction of C$62,985.00. Following the transaction, the insider now owns 16,194 shares of the company’s stock, valued at approximately C$536,831.10.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.

See Also: What is the NASDAQ?

Receive News & Ratings for NFI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NFI Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply