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

Key Points

• Analysts maintain a bullish view: all eight covering analysts rate NFI Group “Buy” or “Strong Buy,” with an average one-year price target of C$25.38. Several firms recently raised their targets, including National Bank Financial to C$29.
• Insiders have been buying shares: company insiders purchased 242,015 shares worth approximately C$5.03 million over the past 90 days, though insiders collectively own just 0.62% of the stock.
• NFI shares opened at C$25.22, near their 52-week high of C$26.35, but the company reported a negative net margin of 3.32% and negative return on equity of 22.22%, highlighting ongoing profitability challenges.

NFI Group Inc. (TSE:NFI - Get Free Report) has been given a consensus rating of "Buy" by the eight analysts that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$25.38.

NFI has been the subject of a number of analyst reports. TD boosted their price objective on NFI Group from C$25.00 to C$26.00 and gave the company a "buy" rating in a research report on Monday, May 11th. Scotiabank increased their target price on NFI Group from C$24.50 to C$25.00 and gave the stock a "sector outperform" rating in a research report on Monday, May 11th. Stifel Nicolaus raised their target price on NFI Group from C$25.50 to C$26.00 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce boosted their price target on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Finally, National Bank Financial upped their price target on shares of NFI Group from C$26.00 to C$29.00 and gave the stock an "outperform" rating in a research report on Thursday, July 16th.

Insider Transactions at NFI Group

In other news, Director Colin Robertson bought 15,000 shares of NFI Group stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$20.82 per share, with a total value of C$312,300.00. Following the purchase, the director directly owned 333,783 shares of the company's stock, valued at approximately C$6,949,362.06. This trade represents a 4.71% increase in their position. Also, insider Stephen King bought 1,050 shares of the firm's stock in a transaction on Thursday, June 25th. The stock was purchased at an average price of C$23.85 per share, with a total value of C$25,042.50. Following the transaction, the insider owned 5,512 shares in the company, valued at C$131,461.20. The trade was a 23.53% increase in their position. Insiders purchased a total of 242,015 shares of company stock worth $5,025,732 over the last 90 days. Corporate insiders own 0.62% of the company's stock.

NFI Group Stock Performance

Shares of TSE NFI opened at C$25.22 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. The firm's 50-day moving average price is C$23.84 and its two-hundred day moving average price is C$20.49. NFI Group has a 52-week low of C$12.50 and a 52-week high of C$26.35. The stock has a market capitalization of C$3.00 billion, a P/E ratio of -24.19, a P/E/G ratio of -0.07 and a beta of 0.14.

NFI Group (TSE:NFI - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. The company had revenue of C$1.17 billion during the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. As a group, sell-side analysts forecast that NFI Group will post 1.2814107 earnings per share for the current year.

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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