NFI Group (TSE:NFI) Insider Acquires 2,000 Shares of Stock

Key Points

• Insider Brian Keith Dewsnup purchased 2,000 NFI Group shares at an average price of C$23.29, increasing his direct ownership by 2.72% to 75,610 shares.
• NFI Group shares rose 1.1% to C$23.19, while the company reported quarterly revenue of C$1.46 billion and earnings of C$0.33 per share.
• Analysts remain positive, with the stock carrying an average “Buy” rating and a consensus price target of C$30.50; several firms recently raised their targets.

NFI Group Inc. (TSE:NFI - Get Free Report) insider Brian Keith Dewsnup purchased 2,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average cost of C$23.29 per share, with a total value of C$46,580.00. Following the completion of the purchase, the insider directly owned 75,610 shares of the company's stock, valued at C$1,760,956.90. The trade was a 2.72% increase in their ownership of the stock.

NFI Group Trading Up 1.1%

TSE NFI traded up C$0.26 during trading on Wednesday, hitting C$23.19. 98,950 shares of the company's stock traded hands, compared to its average volume of 322,176. The stock has a fifty day moving average of C$24.31 and a two-hundred day moving average of C$21.55. NFI Group Inc. has a 12-month low of C$12.50 and a 12-month high of C$26.40. The firm has a market cap of C$2.76 billion, a P/E ratio of 51.17, a PEG ratio of -0.07 and a beta of 0.16. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55.

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 company had revenue of C$1.46 billion during the quarter. As a group, sell-side analysts expect that NFI Group Inc. will post 1.2814107 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Canaccord Genuity Group raised their target price on NFI Group from C$35.00 to C$36.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce boosted their price objective on shares of NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. Stifel Nicolaus raised their price target on NFI Group from C$26.00 to C$31.00 and gave the company a "buy" rating in a report on Monday, August 10th. ATB Cormark Capital Markets upped 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 research note on Monday, August 10th. Finally, BMO Capital Markets increased their price target on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, NFI Group has an average 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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