NFI Group (TSE:NFI) Hits New 12-Month High - Still a Buy?

Key Points

• NFI Group hit a new 52-week high intraday at C$21.59 (last C$21.36) and carries a consensus Buy rating with a mean target of C$22.43, alongside several analyst upgrades (e.g., ATB Cormark C$28, Scotiabank C$22).
• Despite the share strength, the company has stretched fundamentals, including a debt-to-equity of 220.13, a negative PE (-17.90), negative net margin (-3.8%) and negative ROE (-24.33%), signaling leverage and current unprofitability.
• In the latest quarter NFI reported C$0.68 EPS on C$1.33 billion revenue, and analysts expect about C$1.28 EPS for the year as the company pursues growth in zero-emission mass-mobility solutions.

NFI Group Inc. (TSE:NFI - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$21.59 and last traded at C$21.36, with a volume of 518305 shares changing hands. The stock had previously closed at C$21.05.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NFI shares. ATB Cormark Capital Markets upped their target price on NFI Group from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Friday, March 13th. TD Securities raised NFI Group to a "strong-buy" rating in a research report on Friday, January 30th. Scotiabank upped their price target on shares of NFI Group from C$21.00 to C$22.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Finally, National Bank Financial lowered their price target on shares of NFI Group from C$28.00 to C$22.00 and set an "outperform" rating on the stock in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat.com, NFI Group currently has a consensus rating of "Buy" and a consensus target price of C$22.43.

NFI Group Stock Performance

The company has a debt-to-equity ratio of 220.13, a current ratio of 1.47 and a quick ratio of 0.55. The company has a market capitalization of C$2.54 billion, a PE ratio of -17.90, a price-to-earnings-growth ratio of -0.07 and a beta of -0.07. The firm's fifty day simple moving average is C$18.64 and its 200 day simple moving average is C$16.32.

NFI Group (TSE:NFI - Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The company reported C$0.68 EPS for the quarter. NFI Group had a negative net margin of 3.80% and a negative return on equity of 24.33%. The company had revenue of C$1.33 billion for the quarter. On average, research analysts predict that NFI Group Inc. will post 1.2814107 EPS for the current year.

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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