CIBC Cuts NFI Group (TSE:NFI) Price Target to C$20.00

NFI Group (TSE:NFI) had its target price lowered by equities research analysts at CIBC from C$23.00 to C$20.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 27.88% from the company’s current price.

A number of other equities analysts have also weighed in on NFI. Scotiabank reduced their price objective on NFI Group from C$23.00 to C$22.00 in a research note on Monday. Stifel Nicolaus lifted their price objective on NFI Group from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, BMO Capital Markets upgraded NFI Group from a “hold” rating to a “strong-buy” rating and lifted their price objective for the company from C$14.00 to C$23.00 in a research note on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$22.67.

NFI Group Stock Performance

NFI traded down C$0.53 on Monday, reaching C$15.64. 417,219 shares of the stock were exchanged, compared to its average volume of 286,031. The company’s 50-day moving average price is C$18.47 and its 200 day moving average price is C$15.76. NFI Group has a fifty-two week low of C$9.83 and a fifty-two week high of C$19.90. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The firm has a market capitalization of C$1.86 billion, a PE ratio of -11.44, a PEG ratio of -0.07 and a beta of 0.75.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.