NFI Group Inc. (TSE:NFI) Stock Has Average Target Price of C$30.50 According to Analysts

Key Points

• Analysts remain bullish: All seven firms covering NFI Group rate it Buy or Strong Buy, with an average 12-month price target of C$30.50. Recent targets range from C$28.50 to C$36.00.
• Insiders have been buying: Directors and executives purchased 16,995 shares worth approximately C$396,102 over the past 90 days, although insiders collectively own only 0.62% of the company.
• NFI Group shares opened at C$25.32, near their 52-week high of C$26.40, while the company reported quarterly revenue of C$1.46 billion and earnings of C$0.33 per share.

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) have received an average recommendation of "Buy" from the seven research firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$30.50.

Several equities research analysts have recently commented on the company. BMO Capital Markets boosted their price target on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. Canaccord Genuity Group raised 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. Scotiabank set a C$28.50 price objective on NFI Group and gave the company a "sector outperform" rating in a research note on Thursday. Stifel Nicolaus lifted their price objective 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, National Bank Financial lifted their price objective on NFI Group from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a report on Monday, August 10th.

Insider Buying and Selling at NFI Group

In other news, Director Colin Robertson purchased 10,000 shares of the company's stock in a transaction dated Friday, August 28th. The stock was acquired at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the completion of the transaction, the director directly owned 343,783 shares in the company, valued at C$7,752,306.65. This represents a 3.00% 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 purchased at an average cost of C$23.29 per share, with a total value of C$46,580.00. Following the purchase, the insider directly owned 75,610 shares in the company, valued at approximately C$1,760,956.90. The trade was a 2.72% increase in their ownership of the stock. Over the last 90 days, insiders have bought 16,995 shares of company stock valued at $396,102. Insiders own 0.62% of the company's stock.

NFI Group Stock Down 0.5%

NFI stock opened at C$25.32 on Friday. The company has a market cap of C$3.02 billion, a P/E ratio of 55.87, a P/E/G ratio of -0.07 and a beta of 0.24. NFI Group has a 52 week low of C$12.50 and a 52 week high of C$26.40. The company's 50-day moving average price is C$24.10 and its 200 day moving average price is C$23.06. 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 (TSE:NFI - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The company had revenue of C$1.46 billion for the quarter. On average, research 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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