Stifel Nicolaus upgraded shares of NFI Group (TSE:NFI – Free Report) from a hold rating to a buy rating in a research note released on Monday, BayStreet.CA reports. The brokerage currently has C$18.00 price objective on the stock, up from their prior price objective of C$15.00.
A number of other brokerages also recently weighed in on NFI. CIBC raised their price objective on NFI Group from C$11.50 to C$12.00 and gave the company an underperform rating in a research note on Monday, January 22nd. National Bankshares boosted their price objective on shares of NFI Group from C$18.00 to C$19.00 and gave the stock an outperform rating in a research note on Wednesday, January 17th. BMO Capital Markets lowered their target price on shares of NFI Group from C$17.00 to C$15.00 and set an outperform rating on the stock in a research note on Friday, March 1st. Finally, ATB Capital boosted their target price on shares of NFI Group from C$17.00 to C$18.00 and gave the stock an outperform rating in a research report on Monday. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$19.25.
Check Out Our Latest Report on NFI Group
NFI Group Stock Up 3.3 %
NFI Group (TSE:NFI – Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.28) by C$0.21. NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%. The firm had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.21 billion. Equities research analysts forecast that NFI Group will post 0.2266807 EPS for the current fiscal year.
Insider Buying and Selling at NFI Group
In related news, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of C$8.39 per share, for a total transaction of C$48,213.75. In other news, Director Wendy Wai Ting Kei sold 6,888 shares of NFI Group stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$11.44, for a total transaction of C$78,798.72. Also, Senior Officer Brian Keith Dewsnup bought 5,750 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was acquired at an average cost of C$8.39 per share, for a total transaction of C$48,213.75. Insiders purchased a total of 64,228 shares of company stock valued at $734,754 in the last ninety days. Company insiders own 0.65% of the company’s stock.
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.
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