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

Key Points

• Analyst sentiment: Seven analysts give NFI a consensus "Buy" (five Buy, two Strong Buy) with an average 12‑month target of C$22.43, and several firms recently adjusted ratings/targets (TD strong‑buy; Scotiabank and ATB raised targets; National Bank trimmed its target to C$22 but kept an outperform).
• Valuation and risk: NFI opened at C$21.05 (near its 52‑week high of C$21.57) with a C$2.51B market cap, but carries financial risks including a negative P/E (-17.64), negative net margin (-3.8%), negative ROE (-24.33%) and a high debt‑to‑equity ratio (220.13).
• Recent results and outlook: The company reported quarterly EPS of C$0.68 on C$1.33B revenue, and analysts forecast roughly C$1.28 EPS for the current fiscal year.

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) have been given an average rating of "Buy" by the seven ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$22.43.

A number of equities analysts have recently commented on the stock. TD Securities upgraded shares of NFI Group to a "strong-buy" rating in a research report on Friday, January 30th. Scotiabank upped their target price on shares of NFI Group from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. National Bank Financial lowered their target price on shares of NFI Group from C$28.00 to C$22.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 3rd. Finally, ATB Cormark Capital Markets raised their price target on shares of NFI Group from C$27.00 to C$28.00 and gave the company an "outperform" rating in a report on Friday, March 13th.

NFI Group Stock Performance

Shares of NFI opened at C$21.05 on Friday. The stock's 50-day simple moving average is C$18.57 and its 200 day simple moving average is C$16.26. The stock has a market capitalization of C$2.51 billion, a price-to-earnings ratio of -17.64, a price-to-earnings-growth ratio of -0.07 and a beta of -0.07. The company has a debt-to-equity ratio of 220.13, a quick ratio of 0.55 and a current ratio of 1.47. NFI Group has a 52-week low of C$11.36 and a 52-week high of C$21.57.

NFI Group (TSE:NFI - Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported C$0.68 earnings per share for the quarter. NFI Group had a negative return on equity of 24.33% and a negative net margin of 3.80%.The business had revenue of C$1.33 billion during the quarter. Research analysts forecast that NFI Group will post 1.2814107 EPS for the current fiscal year.

NFI Group Company Profile

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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