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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NFI Group Inc. (NFI.TO) (TSE:NFI) PT Raised to C$33.00 at National Bank Financial

Last updated on Monday, January 18, 2021 | 2021 MarketBeat

NFI Group Inc. (NFI.TO) (TSE:NFI) had its target price boosted by equities researchers at National Bank Financial from C$24.00 to C$33.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price objective would indicate a potential upside of 5.16% from the company's current price.

NFI has been the topic of several other reports. ATB Capital dropped their price objective on shares of NFI Group Inc. (NFI.TO) from C$27.00 to C$22.00 in a report on Thursday, November 12th. Scotiabank upped their price objective on shares of NFI Group Inc. (NFI.TO) from C$23.00 to C$34.00 in a report on Tuesday, January 12th. CIBC upped their price objective on shares of NFI Group Inc. (NFI.TO) from C$28.00 to C$34.00 in a report on Tuesday, January 12th. Laurentian upped their price target on NFI Group Inc. (NFI.TO) from C$26.00 to C$39.00 in a research report on Friday. Finally, Laurentian Bank of Canada (LB.TO) upped their price target on NFI Group Inc. (NFI.TO) from C$26.00 to C$39.00 in a research report on Friday.

TSE NFI opened at C$31.38 on Monday. The company has a market cap of C$1.96 billion and a PE ratio of -14.84. NFI Group Inc. has a 52 week low of C$9.12 and a 52 week high of C$33.94. The company has a quick ratio of 0.61, a current ratio of 1.77 and a debt-to-equity ratio of 219.63. The firm's 50-day simple moving average is C$24.14 and its two-hundred day simple moving average is C$18.48.

NFI Group Inc. (NFI.TO) (TSE:NFI) last released its quarterly earnings data on Wednesday, November 11th. The company reported C$0.12 EPS for the quarter, beating the Thomson Reuters' consensus estimate of C($0.01) by C$0.13. The business had revenue of C$884.69 million for the quarter, compared to analysts' expectations of C$678.49 million. As a group, equities research analysts anticipate that NFI Group Inc. will post 0.58 EPS for the current year.

In related news, Director Adam L. Gray purchased 137,700 shares of the firm's stock in a transaction dated Wednesday, December 23rd. The shares were purchased at an average cost of C$24.54 per share, for a total transaction of C$3,379,158.00. Following the completion of the transaction, the director now directly owns 5,017,660 shares in the company, valued at approximately C$123,133,376.40.

About NFI Group Inc. (NFI.TO)

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. The company operates through two segments, Manufacturing Operations and Aftermarket Operations. It offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the name Alexander Dennis Limited; motor coaches under Plaxton and MCI names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts name.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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