NFI Group (TSE:NFI) Director Adam Gray Buys 5,200 Shares

NFI Group Inc. (TSE:NFI) Director Adam Gray acquired 5,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of C$22.55 per share, with a total value of C$117,260.00. Following the acquisition, the director directly owned 25,556,415 shares of the company’s stock, valued at C$576,297,158.25. This trade represents a 0.02% increase in their position.

NFI Group Trading Up 0.5%

Shares of NFI opened at C$22.96 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 221.05. NFI Group Inc. has a 12-month low of C$12.50 and a 12-month high of C$23.00. The firm has a 50-day moving average price of C$20.16 and a 200 day moving average price of C$17.25. The firm has a market capitalization of C$2.73 billion, a P/E ratio of -22.02, a P/E/G ratio of -0.07 and a beta of 0.01.

NFI Group (TSE:NFI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 earnings per share (EPS) for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The firm had revenue of C$1.17 billion during the quarter. Sell-side analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NFI. Canadian Imperial Bank of Commerce upped their price objective on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. TD upped their price objective on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, May 11th. Stifel Nicolaus upped their price objective on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. TD Securities raised shares of NFI Group to a “strong-buy” rating in a report on Friday, January 30th. Finally, Scotiabank upped their price objective on shares of NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$25.00.

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¿.