NFI Group (TSE:NFI) Price Target Increased to C$17.00 by Analysts at National Bankshares

NFI Group (TSE:NFIGet Rating) had its price target raised by research analysts at National Bankshares from C$14.00 to C$17.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 20.65% from the company’s previous close.

A number of other equities analysts have also recently issued reports on NFI. Scotiabank cut their price objective on NFI Group from C$22.00 to C$18.00 in a report on Monday, May 2nd. National Bank Financial cut NFI Group from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Friday, April 29th. Stifel Nicolaus upped their price objective on NFI Group from C$6.00 to C$8.50 in a report on Thursday. BMO Capital Markets cut their price objective on NFI Group from C$15.50 to C$13.00 in a report on Monday, May 2nd. Finally, CIBC lowered their target price on NFI Group from C$18.00 to C$12.00 and set a “neutral” rating for the company in a research note on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$16.56.

NFI Group Price Performance

NFI Group stock opened at C$14.09 on Thursday. NFI Group has a 52 week low of C$10.39 and a 52 week high of C$31.80. The business has a 50-day simple moving average of C$13.03 and a 200 day simple moving average of C$15.00. The company has a quick ratio of 0.77, a current ratio of 1.90 and a debt-to-equity ratio of 123.25. The stock has a market cap of C$1.09 billion and a price-to-earnings ratio of -15.99.

NFI Group (TSE:NFIGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported C($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.59) by C($0.09). The firm had revenue of C$581.43 million during the quarter, compared to analysts’ expectations of C$631.13 million. On average, research analysts forecast that NFI Group will post 0.6795333 earnings per share for the current fiscal year.

Insider Buying and Selling at NFI Group

In other NFI Group news, Director Adam L. Gray purchased 334,400 shares of the stock in a transaction on Wednesday, May 11th. The stock was acquired at an average price of C$12.32 per share, with a total value of C$4,119,808.00. Following the transaction, the director now directly owns 9,452,041 shares of the company’s stock, valued at approximately C$116,449,145.12. Insiders acquired 445,900 shares of company stock valued at $5,473,917 in the last 90 days.

About NFI Group

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NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the Alexander Dennis Limited brand name; motor coaches under Plaxton and MCI brand names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts brand name, as well as articulated buses.

Further Reading

Analyst Recommendations for NFI Group (TSE:NFI)

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