Stifel Nicolaus Has Lowered Expectations for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI - Free Report) had its target price lowered by Stifel Nicolaus from C$23.00 to C$22.00 in a report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the company. ATB Capital raised their target price on NFI Group from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. CIBC boosted their target price on NFI Group from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Finally, BMO Capital Markets dropped their price target on NFI Group from C$14.00 to C$13.00 in a research note on Friday, March 14th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$20.60.

NFI Group Trading Up 1.0%

NFI traded up C$0.15 during trading on Wednesday, hitting C$15.38. 182,962 shares of the stock traded hands, compared to its average volume of 312,535. The firm has a market capitalization of C$1.27 billion, a P/E ratio of -52.69, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The firm has a 50-day moving average of C$12.97 and a 200 day moving average of C$12.87. NFI Group has a 12-month low of C$9.83 and a 12-month high of C$19.55.

About NFI Group

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.