NFI Group (TSE:NFI) Sets New 12-Month High - Here's What Happened

Key Points

• NFI Group hit a new 52-week high, trading as high as C$19.94 (last C$19.93) on volume of 22,722 shares.
• Analysts are broadly positive — two Strong Buy and five Buy ratings with an average target price of C$22.43, and recent target revisions ranging roughly C$21–C$28.
• Fundamentals show risk: a negative P/E (-16.71), negative net margin (-3.8%) and ROE (-24.33%), and a high debt-to-equity ratio of 220.13 despite C$1.33B in quarterly revenue and C$0.68 EPS.

NFI Group Inc. (TSE:NFI - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as C$19.94 and last traded at C$19.93, with a volume of 22722 shares trading hands. The stock had previously closed at C$19.55.

Wall Street Analysts Forecast Growth

NFI has been the topic of a number of recent research reports. 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 research report on Tuesday, February 3rd. TD Securities raised shares of NFI Group to a "strong-buy" rating in a research report on Friday, January 30th. ATB Cormark Capital Markets raised their price target on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research report on Friday, March 13th. Finally, Scotiabank raised their price target on shares of NFI Group from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Friday, March 13th. Two investment 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, NFI Group has an average rating of "Buy" and an average target price of C$22.43.

NFI Group Price Performance

The stock has a market capitalization of C$2.38 billion, a price-to-earnings ratio of -16.71, a P/E/G ratio of -0.07 and a beta of -0.07. The company has a quick ratio of 0.55, a current ratio of 1.47 and a debt-to-equity ratio of 220.13. The business's 50 day simple moving average is C$17.85 and its 200-day simple moving average is C$15.92.

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