NFI Group Inc. (TSE:NFI) Given Average Rating of “Buy” by Analysts

NFI Group Inc. (TSE:NFI) has been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$22.14.

A number of equities research analysts have recently issued reports on NFI shares. National Bank Financial cut their price target on shares of NFI Group from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. Finally, BMO Capital Markets reduced their target price on NFI Group from C$18.00 to C$17.00 in a report on Monday, December 8th.

Insider Activity

In other NFI Group news, Director Colin Robertson acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was purchased at an average cost of C$15.97 per share, for a total transaction of C$159,700.00. Following the transaction, the director owned 56,217 shares of the company’s stock, valued at C$897,785.49. The trade was a 21.64% increase in their position. Also, insider Brian Keith Dewsnup bought 4,100 shares of the stock in a transaction on Friday, December 26th. The shares were acquired at an average cost of C$16.14 per share, for a total transaction of C$66,174.00. Following the purchase, the insider owned 69,010 shares in the company, valued at approximately C$1,113,821.40. This represents a 6.32% increase in their ownership of the stock. Over the last three months, insiders purchased 15,640 shares of company stock valued at $250,305. Company insiders own 0.62% of the company’s stock.

NFI Group Trading Up 0.7%

TSE:NFI opened at C$16.92 on Friday. The stock has a fifty day simple moving average of C$16.93 and a 200 day simple moving average of C$15.96. The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of -6.94, a price-to-earnings-growth ratio of -0.07 and a beta of 0.47. NFI Group has a 1-year low of C$9.83 and a 1-year high of C$19.90. The company has a quick ratio of 0.55, a current ratio of 1.42 and a debt-to-equity ratio of 306.77.

NFI Group (TSE:NFI) last posted 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 8.42% and a negative return on equity of 48.23%. Sell-side analysts forecast that NFI Group will post 1.2814107 earnings per share for the current year.

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¿.