NFI Group (TSE:NFI) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• NFI Group shares fell below their 50-day moving average of C$24.61, trading as low as C$23.52 before closing at C$24.25.
• Analysts maintained a consensus Buy rating, with an average price target of C$30.39; recent targets ranged from C$28.50 to C$36.00.
• The company reported quarterly earnings of C$0.39 per share on C$1.43 billion in revenue. Insiders also purchased 16,995 shares worth about C$396,102 over the prior 90 days.

NFI Group Inc. (TSE:NFI - Get Free Report) shares passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$24.61 and traded as low as C$23.52. NFI Group shares last traded at C$24.25, with a volume of 1,962,869 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NFI shares. 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 note on Monday, August 10th. BMO Capital Markets upped their price target on NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Canaccord Genuity Group boosted their target price on NFI Group from C$35.00 to C$36.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Scotiabank set a C$28.50 target price on NFI Group and gave the stock a "sector outperform" rating in a research note on Thursday, October 15th. Finally, ATB Cormark Capital Markets raised their target price on shares of NFI Group from C$31.00 to C$32.00 and gave the company an "outperform" rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$30.39.

NFI Group Trading Down 6.9%

The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. The firm has a market cap of C$2.89 billion, a P/E ratio of 53.51, a PEG ratio of -0.07 and a beta of 0.20. The stock has a 50 day moving average of C$24.61 and a 200 day moving average of C$21.95.

NFI Group (TSE:NFI - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported C$0.39 earnings per share for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. The firm had revenue of C$1.43 billion during the quarter. As a group, equities research analysts predict that NFI Group Inc. will post 1.28 EPS for the current year.

Insider Buying and Selling

In related news, Director Colin Robertson acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average price of C$22.55 per share, for a total transaction of C$225,500.00. Following the transaction, the director directly owned 343,783 shares of the company's stock, valued at approximately C$7,752,306.65. This trade represents a 3.00% increase in their position. Also, Director John Christopher Sapp bought 1,900 shares of NFI Group stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of C$24.88 per share, with a total value of C$47,272.00. Following the transaction, the director owned 27,243 shares of the company's stock, valued at C$677,805.84. This trade represents a 7.50% increase in their position. Insiders bought a total of 16,995 shares of company stock valued at $396,102 over the last ninety days. 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¿.

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