NFI Group Inc. (TSE:NFI) Receives Average Rating of "Buy" from Brokerages

Key Points

• NFI Group Inc. has received an average recommendation of "Buy" from six analysts, with varying ratings including one hold, three buy, and two strong buy recommendations.
• The average one-year target price for NFI Group stock is C$22.80, with recent upgrades from Stifel Nicolaus and BMO Capital Markets raising their target prices significantly.
• Despite a favorable recommendation, NFI's stock is currently down 2.0%, with a trading price of C$18.79, contrasting its 1-year high of C$19.90.

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

A number of research firms have weighed in on NFI. Scotiabank set a C$22.00 target price on NFI Group and gave the company a "sector perform" rating in a report on Thursday, July 24th. BMO Capital Markets raised NFI Group from a "hold" rating to a "strong-buy" rating and raised their price objective for the stock from C$14.00 to C$23.00 in a research note on Thursday, July 17th. Finally, Stifel Nicolaus raised their price objective on NFI Group from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th.

NFI Group Stock Performance

TSE:NFI traded up C$0.21 during trading hours on Monday, reaching C$18.82. The company had a trading volume of 159,766 shares, compared to its average volume of 287,387. NFI Group has a 52 week low of C$9.83 and a 52 week high of C$19.90. The firm's 50 day moving average price is C$18.29 and its 200-day moving average price is C$14.50. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of -64.47, a PEG 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.