NFI Group (TSE:NFI) Price Target Cut to C$19.00

NFI Group (TSE:NFI) had its price target reduced by research analysts at National Bankshares from C$20.00 to C$19.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 43.72% from the company’s previous close.

NFI has been the subject of a number of other reports. ATB Capital raised their target price on shares of NFI Group from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Monday. CIBC lifted their price objective on shares of 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 decreased 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 report on Friday, March 1st. Finally, Stifel Nicolaus upgraded NFI Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$15.00 to C$18.00 in a research report on Monday. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, NFI Group currently has an average rating of “Moderate Buy” and a consensus target price of C$19.33.

NFI Group Stock Down 0.7 %

NFI opened at C$13.22 on Monday. The company has a market capitalization of C$1.57 billion, a PE ratio of -9.94, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. The firm has a 50-day simple moving average of C$11.93 and a two-hundred day simple moving average of C$12.72. The company has a quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 163.50. NFI Group has a 52 week low of C$8.35 and a 52 week high of C$14.55.

NFI Group (TSE:NFI) last posted its earnings results on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, topping analysts’ consensus estimates of C($0.28) by C$0.21. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. The company had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$1.21 billion. Analysts forecast that NFI Group will post 0.2266807 earnings per share for the current fiscal year.

Insider Transactions at NFI Group

In other news, Director Richard Paul Davies purchased 2,570 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average cost of C$13.17 per share, for a total transaction of C$33,846.90. In other NFI Group news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of C$8.39 per share, with a total value of C$48,213.75. Also, Director Richard Paul Davies acquired 2,570 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average price of C$13.17 per share, with a total value of C$33,846.90. In the last quarter, insiders bought 64,228 shares of company stock worth $734,754. 0.65% of the stock is currently owned by 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.