Analysts Set NFI Group Inc. (TSE:NFI) Price Target at C$16.90

Shares of NFI Group Inc. (TSE:NFI) have received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$21.00.

Several brokerages have recently weighed in on NFI. ATB Capital upped their price target on shares of NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday. National Bankshares increased their price objective on shares of NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Canada raised shares of NFI Group from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. CIBC raised shares of NFI Group from an “underperform” rating to a “neutral” rating and raised their price target for the stock from C$12.50 to C$20.00 in a report on Friday. Finally, Stifel Nicolaus raised shares of NFI Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$15.00 to C$18.00 in a report on Monday, May 6th.

NFI Group Price Performance

NFI Group stock opened at C$18.85 on Monday. The company has a debt-to-equity ratio of 165.99, a current ratio of 1.81 and a quick ratio of 0.55. The stock has a market cap of C$2.24 billion, a price-to-earnings ratio of -14.39, a price-to-earnings-growth ratio of -0.07 and a beta of 1.38. The firm has a 50-day moving average of C$16.24 and a two-hundred day moving average of C$13.79. NFI Group has a 1 year low of C$10.85 and a 1 year high of C$19.30.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.18) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.18). The firm had revenue of C$974.37 million during the quarter, compared to analyst estimates of C$955.13 million. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. On average, research analysts forecast that NFI Group will post 0.2184143 earnings per share 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.