NFI Group (TSE:NFI) Shares Down 12.3% - What's Next?

Key Points

• NFI Group's shares dropped 12.3%, closing at C$14.94, a significant decline from the previous closing price of C$17.03.
• A few analysts have adjusted their ratings on NFI Group, with BMO Capital Markets upgrading it to a "strong-buy" and setting a price target of C$23.00.
• The company's current market capitalization stands at C$1.88 billion, with a PE ratio of -11.55 and an average target price of C$22.80 according to analysts.

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) fell 12.3% during mid-day trading on Friday . The company traded as low as C$14.88 and last traded at C$14.94. 278,892 shares traded hands during trading, a decline of 0% from the average session volume of 278,895 shares. The stock had previously closed at C$17.03.

Analyst Ratings Changes

A number of research firms have recently issued reports on NFI. Scotiabank set a C$22.00 price target on shares of NFI Group and gave the company a "sector perform" rating in a research report on Thursday, July 24th. BMO Capital Markets upgraded shares of NFI Group from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from C$14.00 to C$23.00 in a research report on Thursday, July 17th. Finally, Stifel Nicolaus lifted their price target on shares of NFI Group from C$22.00 to C$23.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, NFI Group currently has an average rating of "Buy" and an average target price of C$22.80.

NFI Group Price Performance

The stock has a market capitalization of C$1.88 billion, a PE ratio of -11.55, a PEG ratio of -0.07 and a beta of 0.75. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The company's 50 day simple moving average is C$18.52 and its 200 day simple moving average is C$15.66.

NFI Group Company Profile

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.

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