NFI Group (TSE:NFI) Given New C$19.00 Price Target at National Bankshares

NFI Group (TSE:NFI) had its price objective cut by National Bankshares from C$20.00 to C$19.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

NFI has been the subject of a number of other reports. BMO Capital Markets dropped their price target on shares of NFI Group from C$17.00 to C$15.00 and set an outperform rating for the company in a research report on Friday, March 1st. ATB Capital boosted their target price on NFI Group from C$17.00 to C$18.00 and gave the company an outperform rating in a research report on Monday. CIBC upped their price target on NFI Group from C$11.50 to C$12.00 and gave the stock an underperform rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus upgraded NFI Group from a hold rating to a buy rating and increased their price objective for the company from C$15.00 to C$18.00 in a report on Monday. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$19.25.

NFI Group Price Performance

TSE:NFI opened at C$13.31 on Monday. The stock has a 50 day moving average price of C$11.92 and a 200 day moving average price of C$12.72. The stock has a market cap of C$1.58 billion, a PE ratio of -10.01, a P/E/G ratio of -0.07 and a beta of 1.35. The company has a debt-to-equity ratio of 163.50, a quick ratio of 0.55 and a current ratio of 1.81. NFI Group has a one year low of C$8.35 and a one year high of C$14.55.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, beating the consensus estimate of C($0.28) by C$0.21. The business had revenue of C$1.08 billion for the quarter, compared to analyst estimates of C$1.21 billion. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. Equities research analysts expect that NFI Group will post 0.2266807 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard Paul Davies acquired 2,570 shares of NFI Group stock in a transaction on Thursday, March 28th. The stock was bought at an average price of C$13.17 per share, for a total transaction of C$33,846.90. In related news, Director Wendy Wai Ting Kei sold 6,888 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total value of C$78,798.72. Also, Director Richard Paul Davies acquired 2,570 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were bought at an average cost of C$13.17 per share, with a total value of C$33,846.90. Insiders have bought 64,228 shares of company stock worth $734,754 in the last quarter. 0.65% of the stock is owned by insiders.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.