NFI Group (TSE:NFI) Price Target Increased to C$18.00 by Analysts at ATB Capital

NFI Group (TSE:NFI) had its price objective boosted by ATB Capital from C$17.00 to C$18.00 in a research note issued to investors on Monday, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on NFI. National Bankshares raised their price target on shares of NFI Group from C$18.00 to C$19.00 and gave the company an outperform rating in a report on Wednesday, January 17th. BMO Capital Markets lowered their price objective on NFI Group from C$17.00 to C$15.00 and set an outperform rating on the stock in a report on Friday, March 1st. Finally, CIBC boosted their target price on NFI Group from C$11.50 to C$12.00 and gave the stock an underperform rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of C$19.25.

NFI Group Stock Performance

Shares of NFI opened at C$13.31 on Monday. The company has a market capitalization of C$1.58 billion, a PE ratio of -10.01, a PEG ratio of -0.07 and a beta of 1.35. The company has a debt-to-equity ratio of 163.50, a quick ratio of 0.55 and a current ratio of 1.81. The company’s 50 day moving average price is C$11.92 and its 200 day moving average price is C$12.72. NFI Group has a 52 week low of C$8.35 and a 52 week high of C$14.55.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, beating the consensus estimate of C($0.28) by C$0.21. NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%. The business had revenue of C$1.08 billion for the quarter, compared to analysts’ expectations of C$1.21 billion. Research analysts expect that NFI Group will post 0.2266807 EPS for the current fiscal year.

Insider Transactions at NFI Group

In other NFI Group news, Director Richard Paul Davies purchased 2,570 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were purchased at an average price of C$13.17 per share, for a total transaction of C$33,846.90. In related news, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of C$8.39 per share, with a total value of C$48,213.75. Also, Director Richard Paul Davies purchased 2,570 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average cost of C$13.17 per share, with a total value of C$33,846.90. In the last quarter, insiders have bought 64,228 shares of company stock valued at $734,754. 0.65% of the stock is owned by corporate insiders.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.