Insider Buying: NFI Group (TSE:NFI) Insider Purchases 1,000 Shares

Key Points

• Insider purchase: Douglas John Proven acquired 1,000 NFI Group shares at an average price of C$23.24, increasing his direct ownership by 10% to 11,000 shares.
• Stock performance and financials: NFI shares recently traded at C$23.32, with a C$2.78 billion market capitalization. The company reported quarterly revenue of C$1.46 billion and earnings of C$0.33 per share.
• Analyst outlook: Analysts maintain a consensus “Buy” rating, with a consensus price target of C$30.50; several firms recently raised their targets.

NFI Group Inc. (TSE:NFI - Get Free Report) insider Douglas John Proven acquired 1,000 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was acquired at an average price of C$23.24 per share, for a total transaction of C$23,240.00. Following the completion of the acquisition, the insider directly owned 11,000 shares of the company's stock, valued at C$255,640. This trade represents a 10.00% increase in their ownership of the stock.

NFI Group Trading Down 0.4%

NFI traded down C$0.10 during trading on Tuesday, reaching C$23.32. 136,794 shares of the company's stock were exchanged, compared to its average volume of 316,930. The company's fifty day moving average price is C$24.32 and its 200-day moving average price is C$21.95. The firm has a market capitalization of C$2.78 billion, a PE ratio of 51.46, a P/E/G ratio of -0.07 and a beta of 0.21. NFI Group Inc. has a fifty-two week low of C$12.50 and a fifty-two 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 posted its quarterly 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 company had revenue of C$1.46 billion for the quarter. As a group, equities analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current year.

Analyst Ratings Changes

NFI has been the subject of several analyst reports. Canaccord Genuity Group boosted their target price on NFI Group from C$35.00 to C$36.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. National Bank Financial lifted their price objective on shares of NFI Group from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. ATB Cormark Capital Markets increased their target price on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Scotiabank lifted their price target on shares of NFI Group from C$27.00 to C$28.50 and gave the stock a "sector outperform" rating in a research report on Wednesday, August 12th. Finally, BMO Capital Markets boosted their price target on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target 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.