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

Key Points

• NFI Group Inc. has received an average consensus recommendation of "Buy" from seven brokerages, with one hold, four buy, and two strong buy ratings.
• The average twelve-month price target among analysts for NFI Group is C$22.67, although individual targets vary from C$20.00 to C$23.00 depending on the brokerage.
• As of Tuesday, NFI Group's stock is trading at C$15.24, reflecting a decrease of 3.1% from previous levels, with a current market cap of C$1.81 billion.

NFI Group Inc. (TSE:NFI - Get Free Report) has been given an average recommendation of "Buy" by the seven brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$22.67.

A number of analysts have issued reports on the company. National Bankshares decreased their price target on NFI Group from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a research note on Monday, September 29th. Stifel Nicolaus lifted their price objective on NFI Group from C$22.00 to C$23.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Scotiabank reduced their price objective on NFI Group from C$23.00 to C$22.00 in a research note on Monday, September 29th. BMO Capital Markets raised NFI Group from a "hold" rating to a "strong-buy" rating and lifted their price objective for the company from C$14.00 to C$23.00 in a research note on Thursday, July 17th. Finally, CIBC reduced their price objective on NFI Group from C$23.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Monday, September 29th.

NFI Group Trading Down 3.1%

NFI Group stock opened at C$15.24 on Tuesday. The stock has a market cap of C$1.81 billion, a PE ratio of -11.14, a P/E/G ratio of -0.07 and a beta of 0.47. The stock has a 50-day moving average price of C$17.98 and a 200 day moving average price of C$15.86. NFI Group has a 52 week low of C$9.83 and a 52 week high of C$19.90. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59.

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.

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