NFI Group (TSE:NFI) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Key Points

• ATB Cormark raised its price target on NFI Group to C$33 from C$32 and maintained an “outperform” rating, implying 36.03% potential upside from the prior close.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus “Buy” rating and C$30.94 price target, with one Strong Buy and six Buy ratings.
• NFI reported quarterly earnings of C$0.39 per share on C$1.43 billion in revenue; company directors also purchased shares, contributing to 16,995 insider shares bought in the last quarter.

NFI Group (TSE:NFI - Get Free Report) had its price target raised by ATB Cormark Capital Markets from C$32.00 to C$33.00 in a research note issued to investors on Monday, BayStreet reports. The firm presently has an "outperform" rating on the stock. ATB Cormark Capital Markets's price objective suggests a potential upside of 36.03% from the company's previous close.

NFI has been the topic of a number of other reports. National Bank Financial increased their price target on shares of NFI Group from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. TD cut their target price on NFI Group from C$33.00 to C$32.00 and set a "buy" rating on the stock in a research note on Wednesday, October 28th. Canaccord Genuity Group boosted their price target on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Stifel Nicolaus increased their price target on NFI Group from C$31.00 to C$34.00 and gave the company a "buy" rating in a research report on Monday. Finally, BMO Capital Markets increased their price target on NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$30.94.

NFI Group Price Performance

TSE NFI traded up C$0.01 during trading hours on Monday, reaching C$24.26. 456,760 shares of the company's stock were exchanged, compared to its average volume of 313,484. The firm has a fifty day moving average of C$24.61 and a 200-day moving average of C$21.95. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. The stock has a market cap of C$2.89 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of -0.07 and a beta of 0.20. NFI Group has a one year low of C$12.81 and a one year high of C$27.37.

NFI Group (TSE:NFI - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported C$0.39 earnings per share for the quarter. The company had revenue of C$1.43 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. On average, equities research analysts predict that NFI Group will post 1.28 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John Christopher Sapp acquired 1,900 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of C$24.88 per share, with a total value of C$47,272.00. Following the transaction, the director directly owned 27,243 shares in the company, valued at approximately C$677,805.84. The trade was a 7.50% increase in their position. Also, Director Colin Robertson bought 10,000 shares of the company's stock in a transaction dated Friday, August 28th. The stock was purchased at an average cost of C$22.55 per share, for a total transaction of C$225,500.00. Following the completion of the acquisition, the director owned 343,783 shares in the company, valued at C$7,752,306.65. This trade represents a 3.00% increase in their position. Insiders bought a total of 16,995 shares of company stock valued at $396,102 in the last quarter. Company insiders own 0.62% of the company's stock.

About NFI Group

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today's urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.

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