NFI Group (TSE:NFI) Given New C$29.00 Price Target at National Bank Financial

NFI Group (TSE:NFI) had its price objective raised by National Bank Financial from C$26.00 to C$29.00 in a research note released on Thursday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other research firms have also commented on NFI. TD upped their price target on shares of NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Scotiabank lifted 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 research report on Monday, May 11th. Canaccord Genuity Group raised shares of NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce upped their target price on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Finally, Stifel Nicolaus raised their price target on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat.com, NFI Group presently has a consensus rating of “Buy” and an average price target of C$25.38.

NFI Group Trading Down 0.5%

TSE:NFI opened at C$25.65 on Thursday. The firm has a market capitalization of C$3.06 billion, a P/E ratio of -24.60, a P/E/G ratio of -0.07 and a beta of 0.14. The business has a 50 day simple moving average of C$22.81 and a 200 day simple moving average of C$19.73. The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. NFI Group has a 12-month low of C$12.50 and a 12-month high of C$25.86.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. The firm had revenue of C$1.17 billion for the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. Equities research analysts predict that NFI Group will post 1.2814107 EPS for the current year.

Insider Buying and Selling

In related news, Director Colin Robertson acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of C$20.82 per share, for a total transaction of C$312,300.00. Following the completion of the acquisition, the director directly owned 333,783 shares of the company’s stock, valued at approximately C$6,949,362.06. The trade was a 4.71% increase in their position. Also, Director Daniel Barclay acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of C$20.76 per share, for a total transaction of C$519,000.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$1,038,000. This trade represents a 100.00% increase in their ownership of the stock. In the last quarter, insiders acquired 242,015 shares of company stock worth $5,025,732. 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¿.