NFI Group (TSE:NFI) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Key Points

• ATB Cormark raised its target on NFI to C$28 (from C$27) and keeps an "outperform" rating, implying a potential upside of about 63.84% from the current stock price.
• Analyst views are mixed—BMO and National Bank trimmed targets while TD upgraded to "strong-buy"—but the consensus remains a Buy with an average target of C$22.43.
• NFI traded at C$17.09 (up 0.9%); the company shows a negative P/E and a very high debt-to-equity ratio (306.77), yet insiders have been buying shares (e.g., a director bought 10,000 shares), signaling some insider confidence despite leverage.

NFI Group (TSE:NFI - Get Free Report) had its target price boosted by equities researchers at ATB Cormark Capital Markets from C$27.00 to C$28.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. ATB Cormark Capital Markets' target price would suggest a potential upside of 63.84% from the stock's current price.

Other analysts also recently issued reports about the stock. BMO Capital Markets decreased their target price on shares of NFI Group from C$18.00 to C$17.00 in a research report on Monday, December 8th. National Bank Financial cut 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 report on Tuesday, February 3rd. Finally, TD Securities raised shares of NFI Group to a "strong-buy" rating in a research note on Friday, January 30th. Two 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.com, the company presently has an average rating of "Buy" and a consensus target price of C$22.43.

NFI Group Stock Up 0.9%

Shares of NFI Group stock traded up C$0.15 during trading on Friday, hitting C$17.09. 290,377 shares of the stock traded hands, compared to its average volume of 292,539. The stock has a market cap of C$2.04 billion, a P/E ratio of -7.01, a PEG ratio of -0.07 and a beta of 0.22. The company has a fifty day moving average price of C$16.99 and a two-hundred day moving average price of C$15.87. NFI Group has a twelve month low of C$9.83 and a twelve month high of C$19.90. The company has a debt-to-equity ratio of 306.77, a quick ratio of 0.55 and a current ratio of 1.42.

Insider Activity at NFI Group

In related news, Director Colin Robertson purchased 10,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were bought at an average price of C$15.97 per share, for a total transaction of C$159,700.00. Following the completion of the acquisition, the director directly owned 56,217 shares in the company, valued at approximately C$897,785.49. This trade represents a 21.64% increase in their position. Also, insider Brian Keith Dewsnup purchased 4,100 shares of the company's stock in a transaction dated Friday, December 26th. The stock was purchased at an average cost of C$16.14 per share, for a total transaction of C$66,174.00. Following the transaction, the insider owned 69,010 shares of the company's stock, valued at approximately C$1,113,821.40. This trade represents a 6.32% increase in their ownership of the stock. In the last quarter, insiders have acquired 15,640 shares of company stock worth $250,305. Corporate insiders own 0.62% of the company's stock.

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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