NFI Group (TSE:NFI) Hits New 1-Year High - Here's Why

Key Points

• NFI Group shares reached a new 52-week high, trading as high as C$26.39 before closing at C$25.60, up from the previous close of C$25.12.
• Analysts have become more bullish, with several firms raising their price targets; the stock carries an overall “Buy” rating and an average target of C$25.38.
• Company insiders purchased 242,015 shares worth approximately C$5.03 million over the past quarter, while NFI reported C$1.46 billion in quarterly revenue and C$0.33 in earnings per share.

NFI Group Inc. (TSE:NFI - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as C$26.39 and last traded at C$25.60, with a volume of 35204 shares traded. The stock had previously closed at C$25.12.

Analyst Ratings Changes

NFI has been the topic of several analyst reports. Scotiabank increased their price target on NFI Group from C$24.50 to C$25.00 and gave the company a "sector outperform" rating in a report on Monday, May 11th. Stifel Nicolaus boosted their price objective on shares of NFI Group from C$25.50 to C$26.00 and gave the stock a "buy" rating in a research note on Tuesday, May 12th. National Bank Financial boosted their price objective on shares of NFI Group from C$26.00 to C$29.00 and gave the stock an "outperform" rating in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce upped their price objective on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Finally, TD raised their target price on shares of NFI Group from C$25.00 to C$26.00 and gave the company a "buy" rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$25.38.

NFI Group Stock Down 1.8%

The company has a debt-to-equity ratio of 221.05, a current ratio of 1.25 and a quick ratio of 0.55. The firm has a market capitalization of C$2.91 billion, a P/E ratio of -23.42, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. The business has a 50 day moving average price of C$24.02 and a 200 day moving average price of C$20.72.

NFI Group (TSE:NFI - Get Free Report) last announced its earnings results 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 during the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%. On average, analysts predict that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Insider Activity at NFI Group

In related news, Director Adam L. Gray acquired 156,600 shares of the stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of C$20.69 per share, for a total transaction of C$3,240,054.00. Following the completion of the purchase, the director owned 25,526,215 shares in the company, valued at approximately C$528,137,388.35. The trade was a 0.62% increase in their position. Also, Director John Christopher Sapp bought 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the transaction, the director directly owned 20,653 shares of the company's stock, valued at C$426,690.98. This trade represents a 13.77% increase in their position. Over the last quarter, insiders acquired 242,015 shares of company stock valued at $5,025,732. 0.62% of the stock is owned by corporate 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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