NFI Group (TSE:NFI) Director Buys C$225,500.00 in Stock

Key Points

• Director Colin Robertson bought 10,000 NFI Group shares at an average price of C$22.55, investing C$225,500 and increasing his ownership by 3% to 343,783 shares.
• NFI Group shares rose to C$23.31, while the company reported quarterly revenue of C$1.46 billion and EPS of C$0.33. Its balance sheet remains highly leveraged, with a debt-to-equity ratio of 196.71.
• Analysts remain broadly bullish: NFI has a consensus “Buy” rating and a C$30.50 target price, with several firms recently raising their targets to between C$32 and C$36.

NFI Group Inc. (TSE:NFI - Get Free Report) Director Colin Robertson acquired 10,000 shares of the company's stock in a transaction on Friday, August 28th. The shares were acquired at an average cost of C$22.55 per share, for a total transaction of C$225,500.00. Following the completion of the acquisition, the director owned 343,783 shares of the company's stock, valued at approximately C$7,752,306.65. The trade was a 3.00% increase in their ownership of the stock.

NFI Group Stock Performance

TSE:NFI traded up C$0.76 on Monday, reaching C$23.31. 509,918 shares of the company's stock were exchanged, compared to its average volume of 317,752. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. The firm has a market cap of C$2.78 billion, a price-to-earnings ratio of 51.43, 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 stock has a fifty day simple moving average of C$24.30 and a 200-day simple moving average of C$21.47.

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 (EPS) for the quarter. The company had revenue of C$1.46 billion for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. As a group, sell-side analysts predict that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFI has been the topic of several recent research reports. Canaccord Genuity Group increased 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. ATB Cormark Capital Markets lifted their price target on NFI Group from C$31.00 to C$32.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. BMO Capital Markets boosted their price objective on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce increased their price objective on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Finally, TD raised their target price on NFI Group from C$26.00 to C$33.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, NFI Group 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¿.

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