NFI Group (TSE:NFI) Price Target Raised to C$18.00

NFI Group (TSE:NFI) had its target price boosted by ATB Capital from C$17.00 to C$18.00 in a research report released on Monday morning, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets decreased their price objective on shares of NFI Group from C$17.00 to C$15.00 and set an outperform rating for the company in a report on Friday, March 1st. CIBC increased their price objective on NFI Group from C$11.50 to C$12.00 and gave the company an underperform rating in a report on Monday, January 22nd. Finally, National Bankshares boosted their target price on NFI Group from C$18.00 to C$19.00 and gave the stock an outperform rating in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$19.33.

NFI Group Stock Performance

Shares of NFI stock opened at C$13.35 on Monday. The firm has a market cap of C$1.59 billion, a P/E ratio of -10.04, a PEG ratio of -0.07 and a beta of 1.35. The company has a debt-to-equity ratio of 163.50, a current ratio of 1.81 and a quick ratio of 0.55. NFI Group has a fifty-two week low of C$8.35 and a fifty-two week high of C$14.55. The stock’s 50-day moving average is C$11.95 and its two-hundred day moving average is C$12.72.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, topping analysts’ consensus estimates of C($0.28) by C$0.21. The firm had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$1.21 billion. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. Analysts predict that NFI Group will post 0.2266807 earnings per share for the current fiscal year.

Insider Buying and Selling at NFI Group

In related news, Director Richard Paul Davies bought 2,570 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average cost 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 NFI Group stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total transaction of C$78,798.72. Also, Director Richard Paul Davies purchased 2,570 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of C$13.17 per share, for a total transaction of C$33,846.90. Insiders have acquired 64,228 shares of company stock valued at $734,754 in the last 90 days. 0.65% of the stock is currently owned by insiders.

NFI Group Company Profile

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.