NFI Group (TSE:NFI) Rating Increased to Strong-Buy at BMO Capital Markets

NFI Group (TSE:NFI - Get Free Report) was upgraded by equities research analysts at BMO Capital Markets from a "hold" rating to a "strong-buy" rating in a report released on Thursday, Marketbeat.com reports. The firm presently has a C$23.00 target price on the stock, up from their prior target price of C$14.00. BMO Capital Markets' target price would indicate a potential upside of 20.29% from the stock's current price.

Separately, Stifel Nicolaus lowered their price target on shares of NFI Group from C$23.00 to C$22.00 and set a "buy" rating for the company in a research report on Wednesday, June 4th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NFI Group has a consensus rating of "Buy" and an average price target of C$22.60.

NFI Group Trading Up 0.6%

Shares of TSE:NFI traded up C$0.12 during trading on Thursday, hitting C$19.12. 268,927 shares of the company's stock were exchanged, compared to its average volume of 302,053. NFI Group has a 1-year low of C$9.83 and a 1-year high of C$19.55. The firm has a 50-day moving average price of C$16.52 and a two-hundred day moving average price of C$13.56. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm has a market cap of C$1.58 billion, a P/E ratio of -65.50, a PEG ratio of -0.07 and a beta of 1.41.

NFI Group Company Profile

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.