NFI Group (TSE:NFI) Sets New 1-Year High at $14.61

NFI Group Inc. (TSE:NFI - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as C$14.61 and last traded at C$14.55, with a volume of 232966 shares changing hands. The stock had previously closed at C$14.07.

Wall Street Analysts Forecast Growth

NFI has been the topic of a number of recent research reports. National Bankshares cut their price target on shares of NFI Group from C$20.00 to C$19.00 and set an "outperform" rating on the stock in a research note on Monday. Stifel Canada raised shares of NFI Group from a "hold" rating to a "buy" rating in a research note on Monday. Stifel Nicolaus raised shares of NFI Group from a "hold" rating to a "buy" rating and raised their price target for the company from C$15.00 to C$18.00 in a research report on Monday. CIBC upped their price objective on NFI Group from C$12.00 to C$12.50 and gave the stock an "underperform" rating in a research report on Tuesday. Finally, BMO Capital Markets reduced their price objective on NFI Group from C$17.00 to C$15.00 and set an "outperform" rating on the stock in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NFI Group presently has an average rating of "Moderate Buy" and an average price target of C$19.33.

NFI Group Trading Up 5.4 %

The stock has a market cap of C$1.76 billion, a price-to-earnings ratio of -11.15, a P/E/G ratio of -0.07 and a beta of 1.35. The business's 50 day moving average is C$12.04 and its 200 day moving average is C$12.75. The company has a debt-to-equity ratio of 163.50, a current ratio of 1.81 and a quick ratio of 0.55.

NFI Group (TSE:NFI - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.28) by C$0.21. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. The business had revenue of C$1.08 billion during the quarter, compared to analysts' expectations of C$1.21 billion. As a group, equities analysts expect that NFI Group Inc. will post 0.2266807 earnings per share for the current fiscal year.

Insider Buying and Selling at NFI Group

In related news, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of NFI Group stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of C$8.39 per share, for a total transaction of C$48,213.75. In related news, Director Wendy Wai Ting Kei sold 6,888 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total transaction of C$78,798.72. Also, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of C$8.39 per share, for a total transaction of C$48,213.75. Insiders have purchased 64,228 shares of company stock worth $734,754 over the last three months. Insiders own 0.65% of the company's stock.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.

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