Insider Buying: NFI Group (TSE:NFI) Director Purchases 1,845 Shares of Stock

Key Points

• Director John Christopher Sapp purchased 1,845 NFI Group shares at an average price of C$25.74, investing approximately C$47,490 and increasing his direct stake by 7.85% to 25,343 shares.
• NFI Group shares fell 2.1% to C$24.43, while the company reported quarterly revenue of C$1.46 billion and earnings of C$0.33 per share.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of C$30.50; several firms recently raised their targets.

NFI Group Inc. (TSE:NFI - Get Free Report) Director John Christopher Sapp bought 1,845 shares of the stock in a transaction on Wednesday, August 12th. The shares were acquired at an average cost of C$25.74 per share, with a total value of C$47,490.30. Following the acquisition, the director directly owned 25,343 shares in the company, valued at approximately C$652,328.82. This trade represents a 7.85% increase in their position.

NFI Group Trading Down 2.1%

Shares of NFI Group stock traded down C$0.53 during trading on Thursday, reaching C$24.43. 210,827 shares of the company were exchanged, compared to its average volume of 317,996. The business has a 50-day moving average price of C$24.16 and a 200-day moving average price of C$20.95. The firm has a market capitalization of C$2.91 billion, a price-to-earnings ratio of 53.91, a P/E/G ratio of -0.07 and a beta of 0.16. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. NFI Group Inc. has a twelve month low of C$12.50 and a twelve month high of C$26.40.

NFI Group (TSE:NFI - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%.The firm had revenue of C$1.46 billion for the quarter. Sell-side analysts anticipate that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NFI. Canaccord Genuity Group upped their price target on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a "buy" rating in a research report on Monday. Stifel Nicolaus raised their price target on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a "buy" rating in a research report on Monday. Canadian Imperial Bank of Commerce boosted their price target on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. ATB Cormark Capital Markets boosted their price objective on shares of NFI Group from C$31.00 to C$32.00 and gave the company an "outperform" rating in a research report on Monday. Finally, TD raised their target price on shares of NFI Group from C$26.00 to C$33.00 and gave the company a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average 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¿.

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