NFI Group Inc. (TSE:NFI) Given Consensus Rating of “Buy” by Analysts

NFI Group Inc. (TSE:NFI) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$25.00.

A number of analysts have commented on NFI shares. Scotiabank boosted their price target on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 11th. ATB Cormark Capital Markets boosted their price target on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. National Bank Financial boosted 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 research report on Monday, May 11th. Canaccord Genuity Group upgraded shares of NFI Group to a “strong-buy” rating in a research report on Monday, June 1st. Finally, TD boosted 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.

Insider Buying and Selling

In other news, Director Adam L. Gray bought 5,200 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of C$22.55 per share, with a total value of C$117,260.00. Following the completion of the transaction, the director directly owned 25,556,415 shares in the company, valued at approximately C$576,297,158.25. The trade was a 0.02% increase in their position. Also, Director John Christopher Sapp bought 2,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the completion of the transaction, the director owned 20,653 shares of the company’s stock, valued at C$426,690.98. This represents a 13.77% increase in their ownership of the stock. Insiders have purchased a total of 240,965 shares of company stock worth $5,000,690 over the last quarter. 0.62% of the stock is currently owned by insiders.

NFI Group Stock Up 0.6%

NFI stock opened at C$22.61 on Friday. NFI Group has a 52 week low of C$12.50 and a 52 week high of C$24.00. The company has a market capitalization of C$2.69 billion, a price-to-earnings ratio of -21.68, a price-to-earnings-growth ratio of -0.07 and a beta of 0.24. The firm’s 50-day moving average is C$21.22 and its two-hundred day moving average is C$18.09. 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 (TSE:NFI) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The company had revenue of C$1.17 billion for the quarter. On average, analysts forecast that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

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¿.