NFI Group (TSE:NFI) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• NFI's stock crossed above its 50-day moving average, trading as high as C$19.12 and last at C$18.94 versus the 50-day MA of C$17.74 on volume of 266,125 shares.
• Analyst sentiment is positive — MarketBeat shows an average rating of "Buy" with an average price target of C$22.43, including two "Strong Buy" and five "Buy" recommendations and several recent target revisions upward.
• Financials show leverage and negative profitability: debt-to-equity of 220.13, PE of -15.87, net margin -3.80% and ROE -24.33%, while the company reported C$0.68 EPS and C$1.33 billion revenue for the latest quarter.

NFI Group Inc. (TSE:NFI - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$17.74 and traded as high as C$19.12. NFI Group shares last traded at C$18.94, with a volume of 266,125 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Securities raised NFI Group to a "strong-buy" rating in a research report on Friday, January 30th. 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. National Bank Financial decreased their target price on NFI Group from C$28.00 to C$22.00 and set an "outperform" rating for the company in a research report on Tuesday, February 3rd. Finally, Scotiabank upped their target price on NFI Group from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to MarketBeat.com, NFI Group has an average rating of "Buy" and an average price target of C$22.43.

NFI Group Price Performance

The company has a debt-to-equity ratio of 220.13, a quick ratio of 0.55 and a current ratio of 1.47. The company has a market capitalization of C$2.26 billion, a PE ratio of -15.87, a P/E/G ratio of -0.07 and a beta of -0.07. The company's 50-day simple moving average is C$17.74 and its 200-day simple moving average is C$15.87.

NFI Group (TSE:NFI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 11th. The company reported C$0.68 earnings per share (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. As a group, sell-side analysts anticipate that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

About NFI Group

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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