NFI Group Inc. (TSE:NFI - Get Rating) Director Adam L. Gray acquired 334,400 shares of the firm's stock in a transaction dated Wednesday, May 11th. The stock was bought at an average price of C$12.32 per share, for a total transaction of C$4,119,808.00. Following the completion of the acquisition, the director now owns 9,452,041 shares in the company, valued at approximately C$116,449,145.12.
Adam L. Gray also recently made the following trade(s):
- On Monday, May 9th, Adam L. Gray bought 110,000 shares of NFI Group stock. The shares were acquired at an average price of C$12.14 per share, for a total transaction of C$1,335,400.00.
- On Wednesday, March 23rd, Adam L. Gray bought 100,000 shares of NFI Group stock. The shares were acquired at an average price of C$16.47 per share, for a total transaction of C$1,647,000.00.
- On Monday, March 21st, Adam L. Gray bought 105,000 shares of NFI Group stock. The shares were acquired at an average price of C$15.98 per share, for a total transaction of C$1,677,900.00.
- On Friday, March 18th, Adam L. Gray bought 547,000 shares of NFI Group stock. The shares were acquired at an average price of C$16.01 per share, for a total transaction of C$8,757,470.00.
- On Wednesday, March 16th, Adam L. Gray bought 225,400 shares of NFI Group stock. The shares were acquired at an average price of C$14.78 per share, for a total transaction of C$3,331,412.00.
Shares of TSE NFI traded up C$0.49 during midday trading on Monday, hitting C$13.38. The company had a trading volume of 400,133 shares, compared to its average volume of 450,185. The company has a quick ratio of 0.82, a current ratio of 1.77 and a debt-to-equity ratio of 113.15. NFI Group Inc. has a twelve month low of C$10.39 and a twelve month high of C$31.80. The business has a 50-day simple moving average of C$14.62 and a two-hundred day simple moving average of C$18.37. The firm has a market capitalization of C$1.03 billion and a price-to-earnings ratio of -49.74.
NFI Group (TSE:NFI - Get Rating) last announced its earnings results on Thursday, March 10th. The company reported C($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($0.14) by C($0.12). The business had revenue of C$871.16 million for the quarter, compared to the consensus estimate of C$757.22 million. On average, equities analysts forecast that NFI Group Inc. will post 0.68 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a dividend of $0.053 per share. This represents a $0.21 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Wednesday, March 30th. NFI Group's payout ratio is currently -203.41%.
NFI has been the topic of a number of research reports. TD Securities reduced their target price on shares of NFI Group from C$18.00 to C$13.50 and set a "hold" rating on the stock in a report on Monday, May 2nd. Atb Cap Markets lowered shares of NFI Group from an "outperform" rating to a "speculative" rating in a report on Thursday, March 10th. National Bank Financial lowered shares of NFI Group from an "outperform overweight" rating to a "sector perform overweight" rating in a report on Friday, April 29th. Stifel Nicolaus dropped their target price on shares of NFI Group from C$11.50 to C$6.00 in a research report on Monday, May 2nd. Finally, BMO Capital Markets dropped their target price on shares of NFI Group from C$15.50 to C$13.00 in a research report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$15.83.
About NFI Group (Get Rating)
NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the Alexander Dennis Limited brand name; motor coaches under Plaxton and MCI brand names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts brand name, as well as articulated buses.
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