NFI Group (TSE:NFI) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Key Points

• NFI Group's stock recently crossed above its 50-day moving average, with a recent trading high of C$18.78 and a last traded price of C$18.51.
• Multiple analysts have increased their price targets for NFI Group, with the average target now at C$22.80, reflecting a consensus of "Buy" ratings.
• The company has a market capitalization of C$1.53 billion and a significant debt-to-equity ratio of 171.59, indicating a high leverage level.

NFI Group Inc. (TSE:NFI - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$18.35 and traded as high as C$18.78. NFI Group shares last traded at C$18.51, with a volume of 127,573 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets raised NFI Group from a "hold" rating to a "strong-buy" rating and upped their target price for the company from C$14.00 to C$23.00 in a research report on Thursday, July 17th. Scotiabank set a C$22.00 price target on NFI Group and gave the company a "sector perform" rating in a report on Thursday, July 24th. Finally, Stifel Nicolaus boosted their price target on NFI Group from C$22.00 to C$23.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Two 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. Based on data from MarketBeat.com, NFI Group presently has an average rating of "Buy" and an average price target of C$22.80.

NFI Group Stock Performance

The company has a market cap of C$1.53 billion, a P/E ratio of -63.17, a PEG ratio of -0.07 and a beta of 1.41. The company has a 50 day moving average price of C$18.49 and a 200-day moving average price of C$14.70. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59.

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.