NFI Group Inc. (NFI.TO) - What Are Analysts Saying About This Stock?

Key Points

• Analysts are broadly bullish: all seven covering NFI Group rate it Buy or Strong Buy, with an average 12-month price target of C$30.94. Several firms recently raised their targets, including Stifel to C$34 and Canaccord to C$36.
• Insiders have been buying: company insiders purchased 15,150 shares worth about C$348,612 over the past 90 days; insiders own 0.62% of the company.
• NFI reported quarterly earnings of C$0.39 per share and revenue of C$1.43 billion. Shares opened at C$24.54, and analysts expect full-year earnings of C$1.28 per share on average.

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) have earned an average rating of "Buy" from the seven analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$30.94.

A number of research analysts have recently commented on NFI shares. National Bank Financial boosted 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. Stifel Nicolaus increased their price objective on NFI Group from C$31.00 to C$34.00 and gave the stock a "buy" rating in a research report on Monday. Scotiabank lifted their price objective on NFI Group from C$28.50 to C$29.50 and gave the company a "sector outperform" rating in a research note on Monday. Canaccord Genuity Group lifted their price objective on NFI Group from C$35.00 to C$36.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Finally, ATB Cormark Capital Markets boosted their target price on NFI Group from C$32.00 to C$33.00 and gave the stock an "outperform" rating in a research report on Monday.

Insider Buying and Selling at NFI Group

In other NFI Group news, Director John Christopher Sapp purchased 1,900 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the transaction, the director owned 27,243 shares in the company, valued at C$677,805.84. The trade was a 7.50% increase in their position. Also, insider Brian Keith Dewsnup purchased 2,000 shares of the company'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 transaction, the insider owned 75,610 shares in the company, valued at approximately C$1,760,956.90. The trade was a 2.72% increase in their position. Insiders have acquired a total of 15,150 shares of company stock valued at $348,612 in the last 90 days. Corporate insiders own 0.62% of the company's stock.

NFI Group Trading Up 1.2%

Shares of NFI Group stock opened at C$24.54 on Wednesday. The company's 50-day moving average price is C$24.67 and its 200-day moving average price is C$22.02. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. NFI Group has a 12-month low of C$12.81 and a 12-month high of C$27.37. The company has a market cap of C$2.92 billion, a price-to-earnings ratio of 54.15, a PEG ratio of -0.07 and a beta of 0.20.

NFI Group (TSE:NFI - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported C$0.39 EPS 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 analysts expect that NFI Group will post 1.28 earnings per share for the current fiscal year.

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¿.

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