NFI Group (TSE:NFI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Stifel Nicolaus raised its price target on NFI Group to C$34 from C$31 and maintained a “buy” rating, implying 40.15% upside from the prior close.
• Analyst sentiment is broadly positive: MarketBeat reports a consensus “Buy” rating and C$30.94 average price target, with targets raised by several other brokerages.
• NFI Group reported quarterly EPS of C$0.39 and revenue of C$1.43 billion; insiders also bought a combined 16,995 shares over the past 90 days.

NFI Group (TSE:NFI - Get Free Report) had its price target hoisted by equities research analysts at Stifel Nicolaus from C$31.00 to C$34.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus's price objective would suggest a potential upside of 40.15% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Scotiabank raised their price target on NFI Group from C$28.50 to C$29.50 and gave the stock a "sector outperform" rating in a research note on Monday. Canaccord Genuity Group raised their price objective on shares of NFI Group from C$35.00 to C$36.00 and gave the company a "buy" rating in a research report on Monday, August 10th. BMO Capital Markets lifted their target price on shares of NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. ATB Cormark Capital Markets upped their price objective on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Finally, National Bank Financial raised their target price on NFI Group from C$29.00 to C$30.00 and gave the company an "outperform" rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$30.94.

NFI Group Stock Up 0.0%

Shares of NFI traded up C$0.01 during trading hours on Monday, reaching C$24.26. The company's stock had a trading volume of 456,760 shares, compared to its average volume of 313,484. The company has a 50 day moving average of C$24.61 and a two-hundred day moving average of C$21.95. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of 53.53, a P/E/G ratio of -0.07 and a beta of 0.20. NFI Group has a 1-year low of C$12.81 and a 1-year high of C$27.37.

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

Insider Transactions at NFI Group

In other NFI Group news, Director John Christopher Sapp purchased 1,900 shares of the company's stock in a transaction on Thursday, August 13th. The shares were bought at an average cost 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. This represents a 7.50% increase in their position. Also, insider Brian Keith Dewsnup purchased 2,000 shares of the business's stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average price of C$23.29 per share, with a total value of C$46,580.00. Following the completion of the acquisition, the insider owned 75,610 shares of the company's stock, valued at approximately C$1,760,956.90. The trade was a 2.72% increase in their ownership of the stock. Over the last ninety days, insiders have acquired 16,995 shares of company stock worth $396,102. Company insiders own 0.62% of the company's stock.

NFI Group Company Profile

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¿.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.