Brokerages Set NFI Group Inc. (TSE:NFI) Target Price at C$22.00

Shares of NFI Group Inc. (TSE:NFI) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$22.00.

Several brokerages have weighed in on NFI. BMO Capital Markets lifted their target price on NFI Group from C$15.00 to C$23.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus lifted their target price on NFI Group from C$18.00 to C$23.00 in a report on Tuesday, August 6th. ATB Capital lifted their price target on NFI Group from C$18.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. CIBC upgraded NFI Group from an “underperform” rating to a “neutral” rating and boosted their target price for the company from C$12.50 to C$20.00 in a research note on Friday, August 2nd. Finally, National Bankshares boosted their target price on NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.

NFI Group Price Performance

Shares of TSE NFI opened at C$17.60 on Friday. The firm has a market cap of C$2.09 billion, a PE ratio of -40.00, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The business has a 50 day moving average price of C$18.54 and a two-hundred day moving average price of C$16.05. The company has a quick ratio of 0.55, a current ratio of 1.74 and a debt-to-equity ratio of 164.92. NFI Group has a fifty-two week low of C$10.89 and a fifty-two week high of C$19.55.

NFI Group (TSE:NFI) last issued its earnings results on Wednesday, July 31st. The company reported C$0.04 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.02. The company had revenue of C$1.16 billion during the quarter, compared to analyst estimates of C$1.15 billion. NFI Group had a negative return on equity of 8.17% and a negative net margin of 1.59%. Sell-side analysts expect that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Jason Michael Pellaers sold 2,145 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$18.78, for a total value of C$40,283.10. 0.62% of the stock is owned by insiders.

About NFI Group

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.