NFI Group (TSE:NFI) Rating Increased to Neutral at CIBC

CIBC upgraded shares of NFI Group (TSE:NFI) from an underperform rating to a neutral rating in a research note published on Friday morning, BayStreet.CA reports. CIBC currently has C$20.00 price target on the stock, up from their previous price target of C$12.50.

NFI has been the subject of several other research reports. Stifel Nicolaus raised shares of NFI Group from a hold rating to a buy rating and raised their price objective for the stock from C$15.00 to C$18.00 in a research report on Monday, May 6th. National Bankshares lifted their price target on shares of NFI Group from C$19.00 to C$21.00 and gave the company an outperform rating in a research report on Friday, June 28th. ATB Capital upped their price objective on shares of NFI Group from C$17.00 to C$18.00 and gave the stock an outperform rating in a report on Monday, May 6th. Stifel Canada upgraded shares of NFI Group from a hold rating to a buy rating in a report on Monday, May 6th. Finally, BMO Capital Markets upped their target price on shares of NFI Group from C$15.00 to C$23.00 and gave the stock an outperform rating in a report on Friday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of C$21.00.

NFI Group Stock Performance

Shares of NFI stock opened at C$18.85 on Friday. The company 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. NFI Group has a 52 week low of C$10.85 and a 52 week high of C$19.30. The company has a quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 165.99. The firm has a 50 day moving average of C$16.24 and a 200-day moving average of C$13.79.

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.