Insider Buying: NFI Group (TSE:NFI) Director Acquires C$159,700.00 in Stock

NFI Group Inc. (TSE:NFI) Director Colin Robertson bought 10,000 shares of NFI Group stock in a transaction dated Wednesday, December 24th. The shares were acquired at an average cost of C$15.97 per share, for a total transaction of C$159,700.00. Following the completion of the purchase, the director directly owned 56,217 shares of the company’s stock, valued at approximately C$897,785.49. This trade represents a 21.64% increase in their position.

NFI Group Price Performance

Shares of NFI Group stock opened at C$16.89 on Tuesday. The business has a 50 day moving average of C$14.97 and a 200 day moving average of C$16.19. NFI Group Inc. has a 52 week low of C$9.83 and a 52 week high of C$19.90. The company has a market cap of C$2.01 billion, a PE ratio of -6.93, a P/E/G ratio of -0.07 and a beta of 0.60. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 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 forecast that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NFI shares. BMO Capital Markets reduced their target price on shares of NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th. National Bankshares dropped their price objective on shares of NFI Group from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Scotiabank decreased their target price on shares of NFI Group from C$23.00 to C$22.00 in a research note on Monday, September 29th. Finally, CIBC lowered their target price on shares of NFI Group from C$23.00 to C$20.00 and set an “outperform” rating for the company in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$21.67.

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¿.