NFI Group Inc. (TSE:NFI) Receives Average Recommendation 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.

NFI Group Inc. (TSE:NFI - Get Free Report) has been assigned an average recommendation of "Buy" from the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$22.80.

NFI has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective on shares of NFI Group from C$22.00 to C$23.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Scotiabank set a C$22.00 target price on NFI Group and gave the stock a "sector perform" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets raised NFI Group from a "hold" rating to a "strong-buy" rating and upped their target price for the stock from C$14.00 to C$23.00 in a research note on Thursday, July 17th.

NFI Group Stock Down 2.0%

NFI stock opened at C$18.79 on Monday. 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 company's 50 day moving average is C$17.97 and its 200 day moving average is C$14.29. The stock has a market cap of C$1.56 billion, a price-to-earnings ratio of -64.37, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. NFI Group has a 1-year low of C$9.83 and a 1-year high of C$19.90.

NFI Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.