NFI Group (TSE:NFI) Lifted to "Buy" at Stifel Canada

Stifel Canada upgraded shares of NFI Group (TSE:NFI - Free Report) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Zacks.com reports.

Several other brokerages have also recently commented on NFI. CIBC upped their target price on NFI Group from C$12.00 to C$12.50 and gave the company an underperform rating in a report on Tuesday. BMO Capital Markets reduced their price target on shares of NFI Group from C$17.00 to C$15.00 and set an outperform rating for the company in a report on Friday, March 1st. ATB Capital upped their price objective on shares of NFI Group from C$17.00 to C$18.00 and gave the company an outperform rating in a report on Monday. National Bankshares reduced their target price on NFI Group from C$20.00 to C$19.00 and set an outperform rating for the company in a research note on Monday. Finally, Stifel Nicolaus raised NFI Group from a hold rating to a buy rating and upped their price target 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 seven have given a buy rating to the company. According to data from MarketBeat.com, NFI Group has a consensus rating of Moderate Buy and a consensus target price of C$19.33.

NFI Group Price Performance

NFI Group stock traded up C$0.13 during midday trading on Monday, reaching C$13.35. The company's stock had a trading volume of 153,775 shares, compared to its average volume of 133,862. The company has a current ratio of 1.81, a quick ratio of 0.55 and a debt-to-equity ratio of 163.50. The stock has a market cap of C$1.59 billion, a PE ratio of -10.04, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. NFI Group has a 52 week low of C$8.35 and a 52 week high of C$14.55. The business has a 50-day moving average price of C$11.95 and a 200-day moving average price of 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 analysts' consensus estimates of C($0.28) by C$0.21. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. The company had revenue of C$1.08 billion during the quarter, compared to analysts' expectations of C$1.21 billion. On average, sell-side analysts predict that NFI Group will post 0.2266807 EPS for the current year.

Insiders Place Their Bets

In other news, Director Richard Paul Davies bought 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, for a total transaction of C$33,846.90. In other NFI Group news, Director Colin Robertson bought 50,000 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was purchased at an average cost of C$11.65 per share, with a total value of C$582,375.00. Also, Director Richard Paul Davies purchased 2,570 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of C$13.17 per share, for a total transaction of C$33,846.90. In the last ninety 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.