NFI Group (TSE:NFI) Shares Cross Above 50 Day Moving Average - Time to Sell?

Key Points

• NFI Group shares crossed above their 50-day moving average, reaching C$24.69 and closing around C$24.63, compared with a 50-day average of C$24.12.
• Analysts remain bullish: multiple firms raised price targets to between C$30 and C$33, while the consensus rating is “Buy” with an average target of C$30.50.
• The company reported quarterly revenue of C$1.46 billion and EPS of C$0.33, while insiders purchased nearly 17,000 shares worth about C$396,000 during the quarter.

Shares of NFI Group Inc. (TSE:NFI - Get Free Report) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$24.12 and traded as high as C$24.69. NFI Group shares last traded at C$24.63, with a volume of 362,557 shares changing hands.

Analysts Set New Price Targets

Several research firms have weighed in on NFI. TD boosted their price target on shares of NFI Group from C$26.00 to C$33.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. National Bank Financial raised their price objective on NFI Group from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. ATB Cormark Capital Markets lifted their price objective on NFI Group from C$31.00 to C$32.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. BMO Capital Markets lifted their price objective on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. Finally, Stifel Nicolaus boosted their target price on NFI Group from C$26.00 to C$31.00 and gave the company a "buy" rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, NFI Group presently has an average rating of "Buy" and an average price target of C$30.50.

NFI Group Price Performance

The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. The stock has a market cap of C$2.93 billion, a P/E ratio of 54.35, a PEG ratio of -0.07 and a beta of 0.21. The firm's fifty day moving average price is C$24.12 and its 200-day moving average price is C$22.46.

NFI Group (TSE:NFI - Get Free Report) last issued 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 for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. Analysts forecast that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Insider Buying and Selling at NFI Group

In other news, Director John Christopher Sapp acquired 1,900 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the completion of the transaction, the director owned 27,243 shares of the company's stock, valued at C$677,805.84. The trade was a 7.50% increase in their ownership of the stock. Also, Director Colin Robertson acquired 10,000 shares of the stock in a transaction dated Friday, August 28th. The shares were purchased at an average cost of C$22.55 per share, with a total value of C$225,500.00. Following the completion of the purchase, the director owned 343,783 shares of the company's stock, valued at approximately C$7,752,306.65. The trade was a 3.00% increase in their position. Over the last quarter, insiders have bought 16,995 shares of company stock worth $396,102. 0.62% of the stock is currently owned by company insiders.

About NFI Group

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.