NFI Group Inc. (TSE:NFI) Receives Average Recommendation of “Moderate Buy” from Brokerages

NFI Group Inc. (TSE:NFI) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$22.20.

NFI has been the topic of a number of recent research reports. Cibc World Mkts upgraded shares of NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. CIBC increased their target price on NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. Finally, BMO Capital Markets cut NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st.

NFI Group Price Performance

TSE NFI opened at C$13.86 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.74 and a debt-to-equity ratio of 164.92. The company has a market cap of C$1.65 billion, a PE ratio of -31.50, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. NFI Group has a 52 week low of C$10.89 and a 52 week high of C$19.55. The firm’s 50-day simple moving average is C$15.32 and its two-hundred day simple moving average is C$16.73.

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.