NFI Group (TSE:NFI) Given New C$19.00 Price Target at National Bankshares

NFI Group (TSE:NFI - Get Free Report) had its price target cut by equities research analysts at National Bankshares from C$20.00 to C$19.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 42.75% from the company's current price.

A number of other brokerages have also recently weighed in on NFI. ATB Capital upped their price objective on NFI Group from C$17.00 to C$18.00 and gave the stock an "outperform" rating in a research note on Monday. BMO Capital Markets decreased their price objective 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. CIBC upped their price objective on NFI Group from C$11.50 to C$12.00 and gave the stock an "underperform" rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus upgraded NFI Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$15.00 to C$18.00 in a research note on Monday. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$19.25.

NFI Group Stock Up 3.3 %

TSE NFI traded up C$0.43 during midday trading on Monday, hitting C$13.31. 317,139 shares of the company traded hands, compared to its average volume of 132,952. NFI Group has a 52 week low of C$8.35 and a 52 week high of C$14.55. The company'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 market cap of C$1.58 billion, a PE ratio of -10.01, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. 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 issued its quarterly earnings data on Thursday, February 29th. The company reported C($0.07) earnings per share for the quarter, topping analysts' consensus estimates of C($0.28) by C$0.21. The firm had revenue of C$1.08 billion during the quarter, compared to analysts' expectations of C$1.21 billion. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. As a group, equities research analysts forecast that NFI Group will post 0.2266807 earnings per share for the current year.

Insider Buying and Selling at NFI Group

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

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.