NFI Group (TSE:NFI) Stock Price Up 13% - What's Next?

Key Points

• NFI Group shares jumped about 13% to C$17.95 (intraday high C$18.37) on Thursday, with 163,288 shares traded—roughly 40% below the average session volume.
• Analysts have a consensus "Buy" rating with an average price target of C$22.14; recent notes include TD Securities upgrading to strong-buy while National Bank and BMO trimmed targets to C$22 and C$17 respectively.
• Insiders have been buying stock (15,640 shares purchased in the last 90 days), but the company shows high leverage (debt-to-equity 306.77) and a negative P/E (-7.19), signaling elevated financial risk despite insider confidence.

NFI Group Inc. (TSE:NFI - Get Free Report)'s share price traded up 13% on Thursday . The company traded as high as C$18.37 and last traded at C$17.95. 163,288 shares were traded during trading, a decline of 40% from the average session volume of 272,091 shares. The stock had previously closed at C$15.89.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NFI shares. BMO Capital Markets decreased their target price on NFI Group from C$18.00 to C$17.00 in a report on Monday, December 8th. TD Securities upgraded NFI Group to a "strong-buy" rating in a report on Friday, January 30th. Finally, National Bank Financial reduced their price target on NFI Group from C$28.00 to C$22.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, NFI Group has a consensus rating of "Buy" and an average target price of C$22.14.

NFI Group Trading Up 10.3%

The company has a 50-day moving average price of C$16.96 and a 200-day moving average price of C$15.86. The firm has a market capitalization of C$2.09 billion, a price-to-earnings ratio of -7.19, a PEG ratio of -0.07 and a beta of 0.22. 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 company's stock in a transaction on Wednesday, December 24th. The shares were bought at an average cost of C$15.97 per share, for a total transaction of C$159,700.00. Following the completion of the purchase, the director directly owned 56,217 shares of the company's stock, valued at approximately C$897,785.49. This trade represents a 21.64% increase in their position. Also, insider Brian Keith Dewsnup acquired 4,100 shares of the business's stock in a transaction on Friday, December 26th. The shares were bought at an average cost of C$16.14 per share, for a total transaction of C$66,174.00. Following the acquisition, the insider owned 69,010 shares of the company's stock, valued at C$1,113,821.40. This represents a 6.32% increase in their position. In the last 90 days, insiders have purchased 15,640 shares of company stock valued at $250,305. 0.62% of the stock is 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¿.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.