NFI Group (TSE:NFI) Price Target Lowered to C$19.00 at National Bankshares

NFI Group (TSE:NFI) had its price target lowered by National Bankshares from C$20.00 to C$19.00 in a report released on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. ATB Capital boosted their target price on shares of NFI Group from C$17.00 to C$18.00 and gave the company an outperform rating in a research note on Monday. BMO Capital Markets decreased their price target on shares of NFI Group from C$17.00 to C$15.00 and set an outperform rating on the stock in a report on Friday, March 1st. CIBC raised their target price on shares of NFI Group from C$11.50 to C$12.00 and gave the company an underperform rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus raised NFI Group from a hold rating to a buy rating and raised their price objective for the company from C$15.00 to C$18.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of C$19.33.

NFI Group Trading Up 5.4 %

TSE:NFI opened at C$14.07 on Monday. The company has a market cap of C$1.67 billion, a PE ratio of -10.58, a PEG 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 has a one year low of C$8.35 and a one year high of C$14.55. The firm has a 50-day moving average of C$11.99 and a 200-day moving average of C$12.73.

NFI Group (TSE:NFI) last released its earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of C$1.21 billion. As a group, equities research analysts expect that NFI Group will post 0.2266807 EPS for the current fiscal year.

Insider Buying and Selling at NFI Group

In other NFI Group news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of C$8.39 per share, with a total value of C$48,213.75. In related news, Director Wendy Wai Ting Kei sold 6,888 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$11.44, for a total value of C$78,798.72. Also, Senior Officer Brian Keith Dewsnup bought 5,750 shares of the firm’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. In the last three months, insiders have acquired 64,228 shares of company stock worth $734,754. Insiders own 0.65% of the company’s stock.

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.