NFI Group (TSE:NFI) Stock Crosses Below 200-Day Moving Average of $12.94

Shares of NFI Group Inc. (TSE:NFI) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.94 and traded as low as C$12.30. NFI Group shares last traded at C$12.51, with a volume of 52,884 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. CIBC increased their target price on NFI Group from C$11.50 to C$12.00 and gave the stock an “underperform” rating in a research note on Monday, January 22nd. BMO Capital Markets lowered their price target on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, National Bankshares upped their price target on NFI Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.58.

NFI Group Price Performance

The firm has a 50 day moving average price of C$12.13 and a 200 day moving average price of C$12.94. The company has a quick ratio of 0.55, a current ratio of 1.84 and a debt-to-equity ratio of 161.79. The stock has a market cap of C$1.49 billion, a P/E ratio of -6.19, a P/E/G ratio of -0.07 and a beta of 1.35.

NFI Group (TSE:NFI) last released its earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.28) by C$0.21. NFI Group had a negative return on equity of 21.27% and a negative net margin of 5.07%. The firm had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.21 billion. On average, analysts forecast that NFI Group Inc. will post 0.228641 EPS for the current fiscal year.

Insider Buying and Selling at NFI Group

In other NFI Group news, Director Wendy Wai Ting Kei sold 6,888 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total transaction of C$78,798.72. In related news, Director Colin Robertson acquired 50,000 shares of the stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of C$11.65 per share, with a total value of C$582,375.00. Also, Director Wendy Wai Ting Kei sold 6,888 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$11.44, for a total value of C$78,798.72. Insiders bought 61,658 shares of company stock worth $700,908 in the last quarter. 0.78% of the stock is owned by corporate insiders.

NFI Group Company Profile

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.