NFI Group (TSE:NFI) Stock Crosses Below 200 Day Moving Average of $11.65

NFI Group Inc. (TSE:NFIGet Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.65 and traded as low as C$10.73. NFI Group shares last traded at C$10.83, with a volume of 110,062 shares traded.

Wall Street Analysts Forecast Growth

NFI has been the topic of several analyst reports. CIBC cut NFI Group to a “sell” rating and set a C$8.50 price objective on the stock. in a research note on Wednesday, December 14th. Scotiabank cut NFI Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$18.00 to C$14.00 in a research note on Tuesday, October 25th. National Bankshares upped their target price on NFI Group from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Monday, November 21st. ATB Capital cut their target price on NFI Group from C$21.00 to C$18.00 and set a “speculative buy” rating on the stock in a research note on Tuesday, October 25th. Finally, TD Securities cut their target price on NFI Group from C$11.50 to C$10.50 and set a “hold” rating on the stock in a research note on Thursday, November 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$12.36.

NFI Group Stock Performance

The company has a market cap of C$835.51 million and a P/E ratio of -12.29. The firm has a 50 day moving average of C$9.94 and a 200-day moving average of C$11.65. The company has a quick ratio of 0.55, a current ratio of 1.82 and a debt-to-equity ratio of 167.83.

NFI Group (TSE:NFIGet Rating) last announced its quarterly earnings data on Tuesday, November 15th. The company reported C($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.72) by C($0.10). The company had revenue of C$670.74 million during the quarter, compared to the consensus estimate of C$652.40 million. As a group, sell-side analysts anticipate that NFI Group Inc. will post -0.9599999 EPS for the current fiscal year.

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.

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