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

Key Points

• Stifel Nicolaus raised NFI Group’s price target from C$26 to C$31 and maintained a “buy” rating, implying 25.1% potential upside. Analysts broadly remain bullish, with an average “Buy” rating and consensus target of C$30.11.
• NFI shares traded at C$24.78, near their 52-week high of C$26.40, while the company reported C$1.46 billion in quarterly revenue and C$0.33 in earnings per share.
• Insiders have been buying shares: company insiders purchased 242,015 shares worth approximately C$5.03 million over the past 90 days, increasing their holdings despite the company’s high debt-to-equity ratio of 196.71.

NFI Group (TSE:NFI - Get Free Report) had its price objective increased by analysts at Stifel Nicolaus from C$26.00 to C$31.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 25.10% from the company's current price.

NFI has been the topic of several other research reports. BMO Capital Markets lifted their target price on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday. National Bank Financial upped their price target on shares of NFI Group from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research report on Monday. Scotiabank raised their price objective on NFI Group from C$24.50 to C$25.00 and gave the company a "sector outperform" rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce lifted their price objective on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Finally, Canaccord Genuity Group upgraded NFI Group to a "strong-buy" rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$30.11.

NFI Group Price Performance

NFI traded down C$0.20 during midday trading on Monday, hitting C$24.78. The stock had a trading volume of 237,061 shares, compared to its average volume of 318,121. The company has a market cap of C$2.95 billion, a P/E ratio of -23.77, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. The business has a fifty day moving average of C$24.05 and a 200 day moving average of C$20.77. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. NFI Group has a 1 year low of C$12.50 and a 1 year high of C$26.40.

NFI Group (TSE:NFI - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. The firm had revenue of C$1.46 billion for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. As a group, equities analysts forecast that NFI Group will post 1.2814107 earnings per share for the current fiscal year.

Insider Activity at NFI Group

In other news, insider Stephen King acquired 1,050 shares of the stock in a transaction dated Thursday, June 25th. The stock was purchased at an average cost of C$23.85 per share, with a total value of C$25,042.50. Following the completion of the purchase, the insider owned 5,512 shares in the company, valued at approximately C$131,461.20. The trade was a 23.53% increase in their position. Also, Director Colin Robertson bought 15,000 shares of the company's stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of C$20.82 per share, with a total value of C$312,300.00. Following the completion of the acquisition, the director owned 333,783 shares of the company's stock, valued at C$6,949,362.06. This trade represents a 4.71% increase in their position. Insiders purchased a total of 242,015 shares of company stock worth $5,025,732 over the last ninety days. 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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