NFI Group Inc. (TSE:NFI) Given Average Recommendation of "Buy" by Brokerages

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) have been assigned a consensus rating of "Buy" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$20.80.

A number of research firms recently weighed in on NFI. BMO Capital Markets lowered their target price on shares of NFI Group from C$14.00 to C$13.00 in a report on Friday, March 14th. CIBC increased their price target on NFI Group from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. Finally, ATB Capital raised their price objective on NFI Group from C$24.00 to C$26.00 and gave the company an "outperform" rating in a research note on Monday, March 17th.

NFI Group Stock Down 1.8 %

NFI stock traded down C$0.23 during midday trading on Wednesday, reaching C$12.27. 42,511 shares of the company's stock traded hands, compared to its average volume of 313,233. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59. The firm's fifty day moving average price is C$11.60 and its 200-day moving average price is C$13.11. NFI Group has a 52 week low of C$9.83 and a 52 week high of C$19.55. The company has a market cap of C$1.02 billion, a price-to-earnings ratio of -42.04, a P/E/G ratio of -0.07 and a beta of 1.41.

About NFI Group

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.