NFI Group (TSE:NFI) Price Target Raised to C$22.00 at ATB Capital

NFI Group (TSE:NFI) had its price target raised by ATB Capital from C$18.00 to C$22.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

NFI has been the subject of a number of other reports. Stifel Nicolaus upgraded NFI Group from a hold rating to a buy rating and increased their price target for the stock from C$15.00 to C$18.00 in a report on Monday, May 6th. BMO Capital Markets increased their target price on NFI Group from C$15.00 to C$23.00 and gave the stock an outperform rating in a research note on Friday. Stifel Canada raised NFI Group from a hold rating to a buy rating in a research note on Monday, May 6th. CIBC raised NFI Group from an underperform rating to a neutral rating and increased their target price for the stock from C$12.50 to C$20.00 in a research note on Friday. Finally, National Bankshares increased their target price on NFI Group from C$19.00 to C$21.00 and gave the stock an outperform rating in a research note on Friday, June 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, NFI Group currently has an average rating of Moderate Buy and a consensus price target of C$21.00.

NFI Group Stock Performance

TSE NFI opened at C$18.85 on Friday. The stock has a market cap of C$2.24 billion, a PE ratio of -14.39, a P/E/G ratio of -0.07 and a beta of 1.38. The company has a current ratio of 1.81, a quick ratio of 0.55 and a debt-to-equity ratio of 165.99. NFI Group has a twelve month low of C$10.85 and a twelve month high of C$19.30. The stock has a fifty day simple moving average of C$16.24 and a 200-day simple moving average of C$13.79.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, May 2nd. The company reported C($0.18) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.18). The business had revenue of C$974.37 million during the quarter, compared to analysts’ expectations of C$955.13 million. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. Equities analysts anticipate that NFI Group will post 0.2184143 earnings per share for the current year.

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.