ATB Capital Increases NFI Group (TSE:NFI) Price Target to C$18.00

NFI Group (TSE:NFI - Get Free Report) had its price objective hoisted by stock analysts at ATB Capital from C$17.00 to C$18.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. ATB Capital's price objective indicates a potential upside of 35.24% from the stock's previous close.

A number of other research analysts also recently commented on NFI. CIBC lifted their price objective on shares of NFI Group from C$11.50 to C$12.00 and gave the company an "underperform" rating in a research report on Monday, January 22nd. BMO Capital Markets decreased their price objective on shares of NFI Group from C$17.00 to C$15.00 and set an "outperform" rating for the company in a research report on Friday, March 1st. Finally, National Bankshares lifted their price objective on shares of NFI Group from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat, NFI Group presently has an average rating of "Moderate Buy" and a consensus price target of C$19.25.

NFI Group Stock Up 3.3 %

NFI Group stock traded up C$0.43 during mid-day trading on Monday, reaching C$13.31. The company's stock had a trading volume of 317,139 shares, compared to its average volume of 132,952. The company has a market capitalization of C$1.58 billion, a price-to-earnings ratio of -10.01, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. NFI Group has a 12 month low of C$8.35 and a 12 month high of C$14.55. The business's 50 day simple moving average is C$11.92 and its 200 day simple moving average is C$12.72. The company has a debt-to-equity ratio of 163.50, a quick ratio of 0.55 and a current ratio of 1.81.

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

Insider Transactions at NFI Group

In related news, Director Richard Paul Davies bought 2,570 shares of the business's stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of C$13.17 per share, for a total transaction of C$33,846.90. In other NFI Group news, Director Wendy Wai Ting Kei sold 6,888 shares of NFI Group stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$11.44, for a total value of C$78,798.72. Also, Director Richard Paul Davies acquired 2,570 shares of the company's stock in a transaction on Thursday, March 28th. The stock was acquired at an average price of C$13.17 per share, with a total value of C$33,846.90. In the last 90 days, insiders purchased 64,228 shares of company stock worth $734,754. 0.65% of the stock is owned by insiders.

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.