NFI Group Inc. (TSE:NFI) Receives Average Rating of "Buy" from Brokerages

Key Points

• NFI Group received a consensus “Buy” rating from eight brokerages, with seven buys and one strong buy. The average 12-month price target is C$30.50, compared with the stock’s reported opening price of C$23.75.
• Several analysts recently raised their price targets, including TD to C$33.00, ATB Cormark to C$32.00, and Stifel Nicolaus to C$31.00.
• Company insiders purchased 17,795 shares worth approximately C$415,125 over the past 90 days. NFI reported quarterly revenue of C$1.46 billion and earnings of C$0.33 per share, while maintaining a highly leveraged balance sheet with a 196.71 debt-to-equity ratio.

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight ratings firms that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$30.50.

A number of research analysts have recently issued reports on the company. ATB Cormark Capital Markets boosted their price objective on NFI Group from C$31.00 to C$32.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Scotiabank boosted their price target on NFI Group from C$27.00 to C$28.50 and gave the company a "sector outperform" rating in a research note on Wednesday, August 12th. National Bank Financial boosted their price target on NFI Group from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Stifel Nicolaus increased their price target on NFI Group from C$26.00 to C$31.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, TD raised their price objective on shares of NFI Group from C$26.00 to C$33.00 and gave the stock a "buy" rating in a research report on Monday, August 10th.

Insider Activity at NFI Group

In related news, Director John Christopher Sapp purchased 1,900 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of C$24.88 per share, with a total value of C$47,272.00. Following the completion of the purchase, the director owned 27,243 shares in the company, valued at approximately C$677,805.84. This trade represents a 7.50% increase in their position. Also, Director Colin Robertson acquired 10,000 shares of the company's stock in a transaction dated Friday, August 28th. The shares were bought at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the acquisition, the director directly owned 343,783 shares of the company's stock, valued at approximately C$7,752,306.65. This trade represents a 3.00% increase in their position. Insiders acquired 17,795 shares of company stock valued at $415,125 in the last ninety days. Insiders own 0.62% of the company's stock.

NFI Group Stock Up 0.6%

Shares of TSE NFI opened at C$23.75 on Tuesday. The company's 50 day moving average price is C$24.29 and its 200-day moving average price is C$22.14. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. NFI Group has a 52-week low of C$12.50 and a 52-week high of C$26.40. The company has a market capitalization of C$2.83 billion, a P/E ratio of 52.41, a price-to-earnings-growth ratio of -0.07 and a beta of 0.21.

NFI Group (TSE:NFI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. The business had revenue of C$1.46 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. Equities analysts forecast that NFI Group will post 1.2814107 earnings per share for the current 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¿.

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.