NFI Group (TSE:NFI) Downgraded by BMO Capital Markets to “Hold”

BMO Capital Markets downgraded shares of NFI Group (TSE:NFI) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

A number of other research analysts also recently weighed in on NFI. CIBC raised NFI Group from an “underperform” rating to a “neutral” rating and increased their target price for the company from C$12.50 to C$20.00 in a report on Friday, August 2nd. Stifel Nicolaus raised their price objective on NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. ATB Capital raised their price objective on NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. National Bankshares raised their price objective on NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Cibc World Mkts raised NFI Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$22.00.

NFI Group Stock Performance

NFI stock traded down C$0.26 during trading on Thursday, reaching C$15.59. The stock had a trading volume of 255,314 shares, compared to its average volume of 227,265. NFI Group has a 52 week low of C$10.89 and a 52 week high of C$19.55. The stock’s 50 day moving average is C$18.03 and its two-hundred day moving average is C$16.43. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92. The firm has a market cap of C$1.86 billion, a PE ratio of -35.43, a PEG ratio of -0.07 and a beta of 1.41.

NFI Group (TSE:NFI) last posted its earnings results on Wednesday, July 31st. The company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.02. NFI Group had a negative return on equity of 8.17% and a negative net margin of 1.59%. The company had revenue of C$1.16 billion for the quarter, compared to the consensus estimate of C$1.15 billion. As a group, equities analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Jason Michael Pellaers sold 2,145 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$18.78, for a total transaction of C$40,283.10. 0.62% 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.