NFI Group (TSE:NFI) Rating Increased to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of NFI Group (TSE:NFI - Free Report) from a hold rating to a buy rating in a research report released on Monday, BayStreet.CA reports. Stifel Nicolaus currently has C$18.00 price objective on the stock, up from their previous price objective of C$15.00.

Several other equities analysts also recently weighed in on NFI. ATB Capital lifted their target price on shares of 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 reduced their target price on shares of 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 lifted their target price on shares of 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, National Bankshares lifted their target price on shares of NFI Group from C$18.00 to C$19.00 and gave the stock an outperform rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$19.25.

NFI Group Stock Performance

TSE NFI traded up C$0.43 during trading hours on Monday, reaching C$13.31. 317,139 shares of the company were exchanged, compared to its average volume of 132,952. NFI Group has a 1 year low of C$8.35 and a 1 year 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 quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 163.50. The stock has a market capitalization of C$1.58 billion, a P/E ratio of -10.01, a P/E/G ratio of -0.07 and a beta of 1.35.

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

Insider Activity

In other news, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of C$8.39 per share, for a total transaction of C$48,213.75. In related news, Director Richard Paul Davies bought 2,570 shares of the company's stock in a transaction on Thursday, March 28th. The stock was acquired at an average cost of C$13.17 per share, for a total transaction of C$33,846.90. Also, Senior Officer Brian Keith Dewsnup bought 5,750 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of C$8.39 per share, with a total value of C$48,213.75. Over the last ninety days, insiders bought 64,228 shares of company stock worth $734,754. 0.65% of the stock is owned by company 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.