Insider Buying: NFI Group (TSE:NFI) Insider Buys C$25,042.50 in Stock

NFI Group Inc. (TSE:NFI) insider Stephen King bought 1,050 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of C$23.85 per share, for a total transaction of C$25,042.50. Following the purchase, the insider owned 5,512 shares of the company’s stock, valued at approximately C$131,461.20. The trade was a 23.53% increase in their position.

Stephen King also recently made the following trade(s):

• On Monday, May 25th, Stephen King acquired 665 shares of NFI Group stock. The shares were bought at an average price of C$22.70 per share, with a total value of C$15,095.50.

NFI Group Stock Performance

Shares of TSE NFI opened at C$23.99 on Monday. NFI Group Inc. has a twelve month low of C$12.50 and a twelve month high of C$24.06. The firm has a market cap of C$2.86 billion, a PE ratio of -23.01, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24. The business has a fifty day simple moving average of C$21.93 and a two-hundred day simple moving average of C$18.79. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05.

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

Analyst Upgrades and Downgrades

NFI has been the subject of several recent research reports. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a research report on Monday, June 1st. Scotiabank raised their price objective on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 11th. ATB Cormark Capital Markets lifted their target price on shares of NFI Group from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, March 13th. TD boosted their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Three analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, NFI Group presently has an average 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¿.