NFI Group (TSE:NFI) Given New C$32.00 Price Target at ATB Cormark Capital Markets

Key Points

• ATB Cormark raised NFI Group’s price target to C$32.00 from C$31.00 while maintaining an “outperform” rating, implying 29.14% potential upside.
• Analyst sentiment is broadly positive: NFI has an average “Buy” rating and a consensus price target of C$30.11, with several firms recently increasing their targets.
• NFI shares fell 0.8% to C$24.78 in Monday trading. The company reported C$0.33 quarterly EPS and C$1.46 billion in revenue, while insiders bought approximately C$5.03 million of stock over the past 90 days.

NFI Group (TSE:NFI - Get Free Report) had its price target hoisted by ATB Cormark Capital Markets from C$31.00 to C$32.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. ATB Cormark Capital Markets' target price points to a potential upside of 29.14% from the stock's current price.

Other research analysts also recently issued research reports about the company. 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 raised their target price on shares of NFI Group from C$26.00 to C$33.00 and gave the stock a "buy" rating in a research report on Monday. BMO Capital Markets lifted their target price on shares of NFI Group from C$27.00 to C$32.00 in a report on Friday. Stifel Nicolaus upped their price target on shares of NFI Group from C$26.00 to C$31.00 and gave the company a "buy" rating in a research report on Monday. Finally, Scotiabank increased their price target on shares of NFI Group from C$24.50 to C$25.00 and gave the stock a "sector outperform" rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, NFI Group presently has an average rating of "Buy" and an average price target of C$30.11.

NFI Group Stock Down 0.8%

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

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

Insider Activity at NFI Group

In related news, insider Stephen King bought 1,050 shares of the stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of C$23.85 per share, for a total transaction of C$25,042.50. Following the purchase, the insider owned 5,512 shares of the company's stock, valued at C$131,461.20. This trade represents a 23.53% increase in their position. Also, Director Colin Robertson bought 15,000 shares of the company's stock in a transaction dated Wednesday, May 13th. The stock was bought 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 of the company's stock, valued at approximately C$6,949,362.06. This trade represents a 4.71% increase in their position. Insiders acquired 242,015 shares of company stock worth $5,025,732 in the last ninety days. Company insiders own 0.62% of the company's stock.

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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