National Bankshares Lowers NFI Group (TSE:NFI) Price Target to C$22.00

NFI Group (TSE:NFI) had its price objective reduced by investment analysts at National Bankshares from C$28.00 to C$22.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 24.65% from the stock’s previous close.

NFI has been the topic of several other research reports. BMO Capital Markets dropped their price objective on NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. TD Securities raised NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$22.14.

NFI Group Stock Performance

Shares of TSE:NFI opened at C$17.65 on Tuesday. The company has a market capitalization of C$2.10 billion, a price-to-earnings ratio of -7.24, a P/E/G ratio of -0.07 and a beta of 0.47. The firm’s 50 day simple moving average is C$15.50 and its 200 day simple moving average is C$16.13. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. NFI Group has a fifty-two week low of C$9.83 and a fifty-two week high of C$19.90.

NFI Group (TSE:NFI) last issued its earnings results 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, sell-side analysts forecast that NFI Group will post 1.2814107 earnings per share for the current year.

Insider Activity

In other news, Director Colin Robertson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The stock was 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 acquisition, the director owned 56,217 shares in the company, valued at C$897,785.49. This represents a 21.64% increase in their ownership of the stock. Also, insider Brian Keith Dewsnup bought 4,100 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was purchased at an average cost of C$16.14 per share, for a total transaction of C$66,174.00. Following the transaction, the insider owned 69,010 shares in the company, valued at C$1,113,821.40. The trade was a 6.32% increase in their position. Insiders acquired a total of 15,640 shares of company stock worth $250,305 in the last three months. Company insiders own 0.62% of the company’s stock.

About NFI Group

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¿.