Brokerages Set NFI Group Inc. (TSE:NFI) Target Price at C$22.00

NFI Group Inc. (TSE:NFI) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$22.00.

NFI has been the subject of a number of research analyst reports. Cibc World Mkts upgraded NFI Group from a “strong sell” rating to a “hold” rating in a research report on Friday, August 2nd. Stifel Nicolaus raised their target price on shares of NFI Group from C$18.00 to C$23.00 in a report on Tuesday, August 6th. ATB Capital upped their price target on shares of NFI Group from C$18.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. National Bankshares lifted their price objective on NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets upped their target price on NFI Group from C$15.00 to C$23.00 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 on Tuesday, August 6th. The stock was sold at an average price of C$18.78, for a total value of C$40,283.10. Insiders own 0.62% of the company’s stock.

NFI Group Trading Up 1.1 %

Shares of NFI Group stock opened at C$18.77 on Tuesday. The company has a 50-day moving average of C$18.17 and a two-hundred day moving average of C$15.33. NFI Group has a 12-month low of C$10.89 and a 12-month high of C$19.55. 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 stock has a market cap of C$2.23 billion, a PE ratio of -42.66, a price-to-earnings-growth ratio of -0.07 and a beta of 1.43.

NFI Group (TSE:NFI) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.04 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.02. The business had revenue of C$1.16 billion for the quarter, compared to analysts’ expectations of C$1.15 billion. NFI Group had a negative return on equity of 8.17% and a negative net margin of 1.59%. On average, research analysts anticipate that NFI Group will post 1.2864215 EPS for the current fiscal 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.