CIBC Boosts NFI Group (TSE:NFI) Price Target to C$12.50

NFI Group (TSE:NFI) had its price objective lifted by CIBC from C$12.00 to C$12.50 in a research note published on Tuesday morning, BayStreet.CA reports. CIBC currently has an underperform rating on the stock.

A number of other research analysts have also recently commented on NFI. BMO Capital Markets lowered their price target on NFI Group from C$17.00 to C$15.00 and set an outperform rating on the stock in a report on Friday, March 1st. National Bankshares decreased their price objective on NFI Group from C$20.00 to C$19.00 and set an outperform rating on the stock in a report on Monday. Stifel Nicolaus raised NFI Group from a hold rating to a buy rating and upped their price objective for the stock from C$15.00 to C$18.00 in a report on Monday. Finally, 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. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. According to MarketBeat, NFI Group has a consensus rating of Moderate Buy and a consensus target price of C$19.33.

NFI Group Price Performance

Shares of TSE:NFI opened at C$14.07 on Tuesday. NFI Group has a 1-year low of C$8.35 and a 1-year high of C$14.55. The company has a debt-to-equity ratio of 163.50, a current ratio of 1.81 and a quick ratio of 0.55. The business has a fifty day moving average price of C$11.99 and a 200-day moving average price of C$12.73. The company has a market capitalization of C$1.67 billion, a PE ratio of -10.58, a PEG ratio of -0.07 and a beta of 1.35.

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

Insiders Place Their Bets

In other news, Senior Officer Brian Keith Dewsnup bought 5,750 shares of the stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of C$8.39 per share, for a total transaction of C$48,213.75. In other NFI Group news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of C$8.39 per share, for a total transaction of C$48,213.75. Also, Director Richard Paul Davies bought 2,570 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average cost of C$13.17 per share, for a total transaction of C$33,846.90. In the last ninety days, insiders bought 64,228 shares of company stock worth $734,754. 0.65% of the stock is currently owned by company 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.