NFI Group (TSE:NFI) Price Target Increased to C$12.50 by Analysts at CIBC

NFI Group (TSE:NFI - Get Free Report) had its target price raised by equities research analysts at CIBC from C$12.00 to C$12.50 in a report released on Tuesday, BayStreet.CA reports. The firm presently has an "underperform" rating on the stock. CIBC's price target points to a potential downside of 5.45% from the company's previous close.

A number of other research firms have also recently weighed in on NFI. National Bankshares decreased their price objective on NFI Group from C$20.00 to C$19.00 and set an "outperform" rating for the company in a research report on Monday. BMO Capital Markets cut their target price on NFI Group from C$17.00 to C$15.00 and set an "outperform" rating for the company in a research note on Friday, March 1st. ATB Capital increased their target price on NFI Group from C$17.00 to C$18.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Stifel Nicolaus raised NFI Group from a "hold" rating to a "buy" rating and increased their target price for the stock from C$15.00 to C$18.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$19.33.

NFI Group Price Performance

Shares of NFI traded down C$0.09 during trading hours on Tuesday, hitting C$13.22. 192,776 shares of the stock were exchanged, compared to its average volume of 133,631. 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 has a 12-month low of C$8.35 and a 12-month high of C$14.55. The company has a market cap of C$1.57 billion, a price-to-earnings ratio of -9.94, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. The stock's 50-day moving average price is C$11.92 and its two-hundred day moving average price is C$12.72.

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

Insiders Place Their Bets

In related news, Director Richard Paul Davies purchased 2,570 shares of the company's stock in a transaction on Thursday, March 28th. The stock was bought at an average price of C$13.17 per share, with a total value of C$33,846.90. In related news, Director Richard Paul Davies purchased 2,570 shares of the company's stock in a transaction on Thursday, March 28th. The stock was bought at an average price of C$13.17 per share, with a total value of C$33,846.90. Also, Director Colin Robertson purchased 50,000 shares of the company's stock in a transaction on Monday, March 11th. The shares were bought at an average cost of C$11.65 per share, with a total value of C$582,375.00. Over the last 90 days, insiders purchased 64,228 shares of company stock valued at $734,754. Corporate insiders own 0.65% of the company's stock.

About NFI Group

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.