NFI Group Inc. (TSE:NFI) Receives Consensus Rating of “Moderate Buy” from Analysts

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

NFI has been the topic of several research analyst reports. Cibc World Mkts upgraded shares of NFI Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 2nd. BMO Capital Markets upped their price objective on shares of NFI Group from C$15.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus boosted their target price on shares of NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. CIBC raised NFI Group from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from C$12.50 to C$20.00 in a report on Friday, August 2nd. Finally, ATB Capital increased their target price on NFI Group from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.

Insider Transactions at NFI Group

In other NFI Group news, Senior Officer Jason Michael Pellaers sold 2,145 shares of the business’s stock in a transaction that occurred on 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 owned by insiders.

NFI Group Price Performance

TSE NFI opened at C$18.94 on Tuesday. NFI Group has a 52-week low of C$10.89 and a 52-week high of C$19.55. The company has a debt-to-equity ratio of 164.92, a current ratio of 1.74 and a quick ratio of 0.55. The firm has a market capitalization of C$2.25 billion, a price-to-earnings ratio of -43.05, a price-to-earnings-growth ratio of -0.07 and a beta of 1.43. The company has a 50 day simple moving average of C$18.22 and a 200-day simple moving average of C$15.41.

NFI Group (TSE:NFI) last posted its earnings results on Wednesday, July 31st. The company reported C$0.04 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of C$1.15 billion. Equities research analysts predict that NFI Group will post 1.2864215 earnings per share for the current fiscal 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.