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

Key Points

• BMO Capital Markets raised NFI Group’s price target to C$32 from C$27, implying 25.2% upside from the prior close. The broader analyst consensus remains positive, with an average “Buy” rating and a C$27.25 target.
• NFI shares rose 2.8% to C$25.56, near their 12-month high of C$26.39. The company reported C$0.33 in quarterly EPS and C$1.46 billion in revenue, but continued to post negative net margin and return on equity.
• Insiders have been buying shares: company insiders acquired 242,015 shares worth approximately C$5.03 million during the last quarter, including purchases by an insider and a director.

NFI Group (TSE:NFI - Get Free Report) had its price objective raised by equities researchers at BMO Capital Markets from C$27.00 to C$32.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets' price target points to a potential upside of 25.20% from the stock's previous close.

Several other brokerages also recently issued reports on NFI. Stifel Nicolaus boosted their target price on shares of NFI Group from C$25.50 to C$26.00 and gave the company a "buy" rating in a research note on Tuesday, May 12th. TD lifted their price target on NFI Group from C$25.00 to C$26.00 and gave the company a "buy" rating in a report on Monday, May 11th. Scotiabank raised their price objective on NFI Group from C$24.50 to C$25.00 and gave the stock a "sector outperform" rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce lifted their target price on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. Finally, Canaccord Genuity Group upgraded NFI Group to a "strong-buy" rating in a report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$27.25.

NFI Group Trading Up 2.8%

NFI traded up C$0.70 during trading on Friday, reaching C$25.56. The company had a trading volume of 282,172 shares, compared to its average volume of 317,789. The firm's 50-day simple moving average is C$24.02 and its 200 day simple moving average is C$20.72. The company has a market cap of C$3.04 billion, a price-to-earnings ratio of -24.51, a PEG ratio of -0.07 and a beta of 0.16. NFI Group has a 12-month low of C$12.50 and a 12-month high of C$26.39. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25.

NFI Group (TSE:NFI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. The company had revenue of C$1.46 billion during the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. Equities research analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current year.

Insider Activity

In other news, insider Stephen King bought 1,050 shares of the stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the completion of the purchase, the insider directly owned 5,512 shares of the company's stock, valued at C$131,461.20. This trade represents a 23.53% increase in their position. Also, Director Adam L. Gray bought 5,200 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of C$22.55 per share, for a total transaction of C$117,260.00. Following the completion of the transaction, the director owned 25,556,415 shares in the company, valued at approximately C$576,297,158.25. The trade was a 0.02% increase in their ownership of the stock. In the last quarter, insiders have acquired 242,015 shares of company stock valued at $5,025,732. 0.62% of the stock is currently owned by company insiders.

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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