NFI Group (TSE:NFI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Stifel Nicolaus has increased its target price for NFI Group from C$22.00 to C$23.00, indicating a potential upside of 27.35% from the stock's previous close.
• BMO Capital Markets recently upgraded the stock from a "hold" to a "strong-buy" rating, raising their target price to C$23.00.
• The stock has demonstrated volatility, with a 52-week range between C$9.83 and C$19.90, and a current market capitalization of C$1.50 billion.

NFI Group (TSE:NFI - Get Free Report) had its target price boosted by equities research analysts at Stifel Nicolaus from C$22.00 to C$23.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective indicates a potential upside of 27.35% from the company's previous close.

NFI has been the topic of a number of other research reports. BMO Capital Markets upgraded shares of NFI Group from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from C$14.00 to C$23.00 in a research report on Thursday, July 17th. Scotiabank set a C$22.00 target price on shares of NFI Group and gave the stock a "sector perform" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$22.80.

NFI Group Price Performance

Shares of TSE NFI traded down C$0.63 during mid-day trading on Tuesday, reaching C$18.06. 216,387 shares of the company were exchanged, compared to its average volume of 299,927. The stock has a market capitalization of C$1.50 billion, a PE ratio of -61.87, a PEG ratio of -0.07 and a beta of 1.41. The company's 50 day moving average price is C$17.32 and its 200 day moving average price is C$13.89. NFI Group has a 52 week low of C$9.83 and a 52 week high of C$19.90. The company has a quick ratio of 0.55, a current ratio of 1.71 and a debt-to-equity ratio of 171.59.

About NFI Group

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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