NFI Group (TSE:NFI) Sets New 12-Month High – Time to Buy?

NFI Group Inc. (TSE:NFI) reached a new 52-week high during trading on Thursday . The company traded as high as C$23.35 and last traded at C$23.29, with a volume of 225992 shares. The stock had previously closed at C$22.96.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. TD increased their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. ATB Cormark Capital Markets increased their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Canadian Imperial Bank of Commerce increased their price objective on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Finally, National Bank Financial increased their price target on shares of NFI Group from C$22.00 to C$26.00 and gave the stock an “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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$25.00.

NFI Group Stock Performance

The firm has a market capitalization of C$2.76 billion, a price-to-earnings ratio of -22.25, a P/E/G ratio of -0.07 and a beta of 0.01. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. The stock has a 50-day moving average price of C$20.45 and a 200 day moving average price of C$17.43.

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

Insider Buying and Selling

In related news, Director Colin Robertson bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of C$20.82 per share, for a total transaction of C$312,300.00. Following the acquisition, the director owned 333,783 shares in the company, valued at C$6,949,362.06. This represents a 4.71% increase in their position. Also, Director Adam L. Gray acquired 5,200 shares of the stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of C$22.55 per share, with a total value of C$117,260.00. Following the purchase, the director owned 25,556,415 shares in the company, valued at C$576,297,158.25. This represents a 0.02% increase in their ownership of the stock. Insiders have acquired 240,965 shares of company stock worth $5,000,690 over the last three months. 0.62% of the stock is owned by company insiders.

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¿.