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

Shares of NFI Group Inc. (TSE:NFI) have received an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$20.60.

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of NFI Group from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research note on Wednesday, June 4th. CIBC increased their price objective on shares of NFI Group from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. ATB Capital increased their price objective on shares of NFI Group from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. Finally, BMO Capital Markets reduced their target price on shares of NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th.

NFI Group Price Performance

Shares of TSE NFI opened at C$15.38 on Wednesday. The stock has a market cap of C$1.27 billion, a price-to-earnings ratio of -52.69, a PEG ratio of -0.07 and a beta of 1.41. NFI Group has a 52 week low of C$9.83 and a 52 week high of C$19.55. The company’s 50-day moving average price is C$12.97 and its 200 day moving average price is C$12.85. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59.

NFI Group Company Profile

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.