NFI Group (TSE:NFI) Given New C$30.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised NFI Group’s price target to C$30.00 from C$29.00 while maintaining an “outperform” rating, implying approximately 21% upside from the stock’s current price.
• Analyst sentiment is broadly positive: NFI has a consensus “Buy” rating and a C$30.11 average price target, with recent target increases from BMO, CIBC, TD, and Stifel Nicolaus.
• NFI shares fell 0.8% to C$24.78 on Monday, while company insiders purchased 242,015 shares worth approximately C$5.03 million during the last quarter.

NFI Group (TSE:NFI - Get Free Report) had its target price boosted by National Bank Financial from C$29.00 to C$30.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price objective would indicate a potential upside of 21.07% from the stock's current price.

Several other analysts have also issued reports on the company. Canaccord Genuity Group upgraded NFI Group to a "strong-buy" rating in a report on Monday, June 1st. BMO Capital Markets upped their target price on NFI Group from C$27.00 to C$32.00 in a research report on Friday. Canadian Imperial Bank of Commerce raised their price target on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. TD lifted their price target on NFI Group from C$26.00 to C$33.00 and gave the company a "buy" rating in a report on Monday. Finally, Stifel Nicolaus boosted their price target 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. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$30.11.

NFI Group Stock Down 0.8%

Shares of NFI stock traded down C$0.20 during trading on Monday, hitting C$24.78. 237,061 shares of the company were exchanged, compared to its average volume of 318,121. The business's 50-day simple moving average is C$24.05 and its 200 day simple moving average is C$20.77. NFI Group has a twelve month low of C$12.50 and a twelve month high of C$26.40. The firm has a market capitalization of C$2.95 billion, a price-to-earnings ratio of -23.77, a P/E/G ratio of -0.07 and a beta of 0.16. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18.

NFI Group (TSE:NFI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. The firm had revenue of C$1.46 billion for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. As a group, analysts forecast that NFI Group will post 1.2814107 EPS for the current fiscal year.

Insider Transactions at NFI Group

In related news, Director Colin Robertson bought 15,000 shares of NFI Group stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of C$20.82 per share, for a total transaction of C$312,300.00. Following the acquisition, the director owned 333,783 shares in the company, valued at C$6,949,362.06. This trade represents a 4.71% increase in their ownership of the stock. Also, Director John Christopher Sapp bought 2,500 shares of the firm's stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of C$20.66 per share, with a total value of C$51,650.00. Following the transaction, the director directly owned 20,653 shares of the company's stock, valued at approximately C$426,690.98. This trade represents a 13.77% increase in their ownership of the stock. In the last quarter, insiders acquired 242,015 shares of company stock worth $5,025,732. 0.62% of the stock is currently owned by company insiders.

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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