NFI Group (NFI) Price Target Cut to C$45.00

NFI Group (TSE:NFI) had its price target cut by stock analysts at CIBC from C$47.00 to C$45.00 in a note issued to investors on Friday. CIBC’s price objective indicates a potential upside of 47.06% from the stock’s previous close.

Several other research analysts have also recently issued reports on NFI. TD Securities dropped their target price on shares of NFI Group from C$51.00 to C$46.00 and set a “buy” rating on the stock in a report on Wednesday, January 16th. BMO Capital Markets dropped their target price on shares of NFI Group from C$39.00 to C$37.00 and set a “buy” rating on the stock in a report on Wednesday, January 16th. Finally, National Bank Financial dropped their target price on shares of NFI Group from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a report on Friday.

NFI stock traded down C$0.14 during trading on Friday, hitting C$30.60. The company had a trading volume of 571,709 shares, compared to its average volume of 366,425. The company has a market capitalization of $1.92 billion and a PE ratio of 9.99. NFI Group has a 52-week low of C$28.47 and a 52-week 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 other NFI Group news, insider Vincent James Sardo sold 1,900 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of C$33.15, for a total transaction of C$62,985.00. Following the transaction, the insider now directly owns 16,194 shares in the company, valued at approximately C$536,831.10. Also, insider Adam L. Gray bought 35,733 shares of the company’s stock in a transaction on Friday, December 21st. The shares were acquired at an average price of C$32.46 per share, for a total transaction of C$1,159,893.18.

NFI Group Company Profile

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.

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