NFI Group - NFI Stock Forecast, Price & News

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. It also provides zero-emission vehicles, including battery-electric buses, motor coaches, hydrogen fuel-cell buses, and electric trolleys. In addition, company offers post-sale services, including part distribution, field services, support documentation, training, and special projects. The company was formerly known as New Flyer Industries Inc. and changed its name to NFI Group Inc. in May 2018. NFI Group Inc. was founded in 1930 and is headquartered in Winnipeg, Canada.

NFI Group Stock Performance

Shares of TSE:NFI traded down C$0.21 during trading on Monday, hitting C$13.80. 80,237 shares of the stock traded hands, compared to its average volume of 356,016. The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 137.03. The company has a market cap of C$1.03 billion and a price-to-earnings ratio of -15.66. The company has a fifty day moving average price of C$13.17 and a two-hundred day moving average price of C$14.76. NFI Group has a 52-week low of C$10.39 and a 52-week high of C$31.80.

Wall Street Analyst Weigh In

A number of research firms recently commented on NFI. Stifel Nicolaus lifted their target price on shares of NFI Group from C$6.00 to C$8.50 in a research note on Thursday, August 4th. Scotiabank decreased their price objective on shares of NFI Group from C$22.00 to C$18.00 in a research note on Monday, May 2nd. TD Securities lifted their price objective on shares of NFI Group from C$13.50 to C$14.50 and gave the company a "hold" rating in a research note on Friday, August 5th. CIBC decreased their price objective on shares of NFI Group from C$18.00 to C$12.00 and set a "neutral" rating for the company in a research note on Monday, May 2nd. Finally, BMO Capital Markets decreased their price objective on shares of NFI Group from C$15.50 to C$13.00 in a research note on Monday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$16.56.