NFI Group (TSE:NFI) PT Raised to C$18.00 at ATB Capital

NFI Group (TSE:NFI) had its price objective boosted by equities research analysts at ATB Capital from C$17.00 to C$18.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s target price indicates a potential upside of 36.16% from the stock’s current price.

Other research analysts also recently issued reports about the company. CIBC upped their price target 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. National Bankshares boosted their price target 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. Finally, BMO Capital Markets cut their price objective on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$19.33.

NFI Group Stock Performance

NFI opened at C$13.22 on Monday. The firm has a market cap of C$1.57 billion, a P/E ratio of -9.94, a PEG ratio of -0.07 and a beta of 1.35. NFI Group has a 1-year low of C$8.35 and a 1-year high of C$14.55. The company 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 debt-to-equity ratio of 163.50, a current ratio of 1.81 and a quick ratio of 0.55.

NFI Group (TSE:NFI) last issued its quarterly earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share (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 business had revenue of C$1.08 billion during the quarter, compared to analyst estimates of C$1.21 billion. Equities analysts forecast that NFI Group will post 0.2266807 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of NFI Group stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of C$8.39 per share, with a total value of C$48,213.75. In related news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of C$8.39 per share, for a total transaction of C$48,213.75. Also, Director Colin Robertson acquired 50,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of C$11.65 per share, for a total transaction of C$582,375.00. In the last three months, insiders have acquired 64,228 shares of company stock worth $734,754. 0.65% of the stock is currently 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.