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

Key Points

• NFI Group Inc. shares reached a new 12-month high of C$19.63, closing at C$19.54 with a trading volume of 153,595 shares.
• Analysts have raised price targets for NFI Group, with BMO Capital Markets setting a new target of C$23.00 and most analysts assigning a consensus price target of C$22.50.
• The company has a market capitalization of C$1.62 billion and maintains a debt-to-equity ratio of 171.59, indicating a higher level of financial leverage.
• NFI Group operates primarily in manufacturing transit buses and motor coaches, accounting for more than half of its revenue.

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as C$19.63 and last traded at C$19.54, with a volume of 153595 shares. The stock had previously closed at C$19.44.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price objective on NFI Group from C$23.00 to C$22.00 and set a "buy" rating for the company in a report on Wednesday, June 4th. BMO Capital Markets raised NFI Group from a "hold" rating to a "strong-buy" rating and raised their price target for the company from C$14.00 to C$23.00 in a report on Thursday, July 17th. Finally, Scotiabank set a C$22.00 price objective on NFI Group and gave the company a "sector perform" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$22.50.

NFI Group Stock Down 4.4%

The stock has a 50 day simple moving average of C$17.00 and a 200-day simple moving average of C$13.74. The firm has a market cap of C$1.57 billion, a PE ratio of -65.02, a PEG 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.

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.