NFI Group Inc. (TSE:NFI – Get Free Report) shares were up 10% during mid-day trading on Thursday . The stock traded as high as C$19.00 and last traded at C$18.86. Approximately 253,898 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 192,464 shares. The stock had previously closed at C$17.15.
Wall Street Analyst Weigh In
Several research firms have weighed in on NFI. National Bankshares increased their price objective on NFI Group from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Friday, June 28th. CIBC lifted their price objective on shares of NFI Group from C$12.00 to C$12.50 and gave the stock an “underperform” rating in a research note on Tuesday, May 7th. ATB Capital raised their target price on shares of NFI Group from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Stifel Canada upgraded NFI Group from a “hold” rating to a “buy” rating in a research note on Monday, May 6th. Finally, Stifel Nicolaus raised NFI Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$15.00 to C$18.00 in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$16.90.
NFI Group Trading Up 10.8 %
NFI Group (TSE:NFI – Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported C($0.18) EPS for the quarter, hitting analysts’ consensus estimates of C($0.18). The firm had revenue of C$974.37 million during the quarter, compared to analysts’ expectations of C$955.13 million. NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%. On average, analysts anticipate that NFI Group Inc. will post 0.2184143 EPS for the current year.
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.
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