NFI Group Inc. (TSE:NFI) Receives C$22.00 Average PT from Brokerages

NFI Group Inc. (TSE:NFI) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$22.00.

A number of equities research analysts recently issued reports on NFI shares. ATB Capital increased their price target on NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Stifel Nicolaus raised their price target on NFI Group from C$18.00 to C$23.00 in a research report on Tuesday, August 6th. Cibc World Mkts raised shares of NFI Group from a “strong sell” rating to a “hold” rating in a research report on Friday, August 2nd. CIBC raised shares of NFI Group from an “underperform” rating to a “neutral” rating and raised their target price for the company from C$12.50 to C$20.00 in a report on Friday, August 2nd. Finally, National Bankshares boosted their target price 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, August 2nd.

Insider Activity

In other NFI Group news, Senior Officer Jason Michael Pellaers sold 2,145 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$18.78, for a total transaction of C$40,283.10. Insiders own 0.62% of the company’s stock.

NFI Group Stock Up 0.9 %

NFI opened at C$18.94 on Tuesday. The company has a debt-to-equity ratio of 164.92, a quick ratio of 0.55 and a current ratio of 1.74. The stock has a fifty day moving average of C$18.22 and a 200-day moving average of C$15.41. NFI Group has a fifty-two week low of C$10.89 and a fifty-two week high of C$19.55. The company has a market capitalization of C$2.25 billion, a P/E ratio of -43.05, a P/E/G ratio of -0.07 and a beta of 1.43.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.02. NFI Group had a negative net margin of 1.59% and a negative return on equity of 8.17%. The firm had revenue of C$1.16 billion during the quarter, compared to the consensus estimate of C$1.15 billion. On average, equities analysts expect that NFI Group will post 1.2864215 EPS 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.