NFI Group Inc. (TSE:NFI) Given Consensus Rating of "Buy" by Analysts

Key Points

• NFI Group Inc. has received a consensus recommendation of "Buy" from six ratings firms, with one hold, three buy, and two strong buy ratings.
• BMO Capital Markets upgraded NFI Group from a "hold" to a "strong-buy" rating, raising the target price from C$14.00 to C$23.00.
• NFI Group's stock is currently priced at C$18.31, with a fifty-two week high of C$19.90 and a market cap of C$2.18 billion.

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) have been assigned an average rating of "Buy" from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$22.80.

NFI has been the subject of a number of analyst reports. Scotiabank set a C$22.00 price target on NFI Group and gave the stock a "sector perform" rating in a research note on Thursday, July 24th. BMO Capital Markets upgraded shares of NFI Group from a "hold" rating to a "strong-buy" rating and increased their price objective for the company from C$14.00 to C$23.00 in a research report on Thursday, July 17th. Finally, Stifel Nicolaus boosted their target price on NFI Group from C$22.00 to C$23.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th.

NFI Group Stock Performance

Shares of NFI stock traded up C$0.11 during trading hours on Friday, reaching C$18.37. 14,281 shares of the company traded hands, compared to its average volume of 273,198. The firm has a 50-day moving average price of C$18.65 and a 200 day moving average price of C$15.38. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The company has a market cap of C$2.19 billion, a P/E ratio of -13.43, a P/E/G ratio of -0.07 and a beta of 0.75. NFI Group has a 12-month low of C$9.83 and a 12-month high of C$19.90.

NFI Group Company Profile

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company's revenue, includes the manufacture of transit buses for public transportation, and motor coaches.