NFI Group (TSE:NFI) Upgraded by Stifel Canada to “Buy”

NFI Group (TSE:NFI) was upgraded by stock analysts at Stifel Canada from a “hold” rating to a “buy” rating in a report issued on Monday, Zacks.com reports.

NFI has been the subject of a number of other reports. BMO Capital Markets lowered their target price on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Friday, March 1st. National Bankshares dropped their target price on shares of NFI Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Monday. ATB Capital raised their price target on shares of NFI Group from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Monday. Stifel Nicolaus upgraded shares of NFI Group from a “hold” rating to a “buy” rating and upped their price objective for the company from C$15.00 to C$18.00 in a report on Monday. Finally, CIBC boosted their target price on NFI Group from C$12.00 to C$12.50 and gave the company an “underperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$19.33.

NFI Group Stock Down 0.7 %

NFI Group stock opened at C$13.22 on Monday. The firm has a 50 day moving average price of C$11.93 and a two-hundred day moving average price of C$12.72. The company has a debt-to-equity ratio of 163.50, a quick ratio of 0.55 and a current ratio of 1.81. NFI Group has a 52-week low of C$8.35 and a 52-week high of C$14.55. The firm has a market cap of C$1.57 billion, a price-to-earnings ratio of -9.94, a PEG 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, beating the consensus estimate 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 business had revenue of C$1.08 billion for the quarter, compared to analyst estimates of C$1.21 billion. Equities analysts predict that NFI Group will post 0.2266807 EPS for the current year.

Insiders Place Their Bets

In related news, Director Richard Paul Davies bought 2,570 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average price of C$13.17 per share, with a total value of C$33,846.90. In other news, Director Colin Robertson acquired 50,000 shares of NFI Group stock in a transaction on 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 Richard Paul Davies bought 2,570 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were purchased at an average cost of C$13.17 per share, for a total transaction of C$33,846.90. In the last ninety days, insiders purchased 64,228 shares of company stock valued at $734,754. Corporate 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.