Insider Buying: NFI Group (TSE:NFI) Director Buys C$47,272.00 in Stock

Key Points

• Insider buying: NFI Group Director John Christopher Sapp purchased 1,900 shares for C$47,272, increasing his direct ownership by 7.5% to 27,243 shares. He also bought 1,845 shares the previous day.
• Stock performance: NFI shares fell 1.4% to C$24.05, while trading below the analyst consensus price target of C$30.50.
• Analyst outlook: Multiple research firms raised their price targets, and analysts maintain a consensus “Buy” rating, supported by recent quarterly revenue of C$1.46 billion and EPS of C$0.33.

NFI Group Inc. (TSE:NFI - Get Free Report) Director John Christopher Sapp acquired 1,900 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the purchase, the director directly owned 27,243 shares of the company's stock, valued at approximately C$677,805.84. This trade represents a 7.50% increase in their ownership of the stock.

John Christopher Sapp also recently made the following trade(s):

• On Wednesday, August 12th, John Christopher Sapp bought 1,845 shares of NFI Group stock. The shares were purchased at an average cost of C$25.74 per share, for a total transaction of C$47,490.30.

NFI Group Stock Down 1.4%

Shares of NFI stock traded down C$0.33 on Monday, hitting C$24.05. The stock had a trading volume of 141,768 shares, compared to its average volume of 317,853. The stock's 50 day moving average is C$24.24 and its 200-day moving average is C$21.06. The firm has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 53.07, a P/E/G ratio of -0.07 and a beta of 0.16. NFI Group Inc. has a 52-week low of C$12.50 and a 52-week high of C$26.40. 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 (TSE:NFI - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The firm had revenue of C$1.46 billion for the quarter. As a group, research analysts expect that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on NFI. Scotiabank boosted their price target on NFI Group from C$27.00 to C$28.50 and gave the stock a "sector outperform" rating in a research note on Wednesday, August 12th. National Bank Financial raised their price objective 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. ATB Cormark Capital Markets raised 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. Canadian Imperial Bank of Commerce lifted their price objective on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Finally, BMO Capital Markets increased their target price on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$30.50.

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¿.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source