NFI Group (TSE:NFI) Given New C$17.00 Price Target at BMO Capital Markets

NFI Group (TSE:NFI) had its price objective reduced by investment analysts at BMO Capital Markets from C$18.00 to C$17.00 in a report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 25.55% from the company’s previous close.

NFI has been the subject of a number of other reports. CIBC dropped their price objective on NFI Group from C$23.00 to C$20.00 and set an “outperform” rating for the company in a research note on Monday, September 29th. Scotiabank lowered their price objective on shares of NFI Group from C$23.00 to C$22.00 in a research note on Monday, September 29th. Finally, National Bankshares dropped their price objective on shares of NFI Group from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, NFI Group has a consensus rating of “Buy” and an average price target of C$21.67.

NFI Group Trading Up 0.2%

NFI Group stock traded up C$0.03 during mid-day trading on Monday, hitting C$13.54. The company’s stock had a trading volume of 57,907 shares, compared to its average volume of 284,698. The stock’s fifty day moving average is C$14.08 and its two-hundred day moving average is C$16.42. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm has a market capitalization of C$1.61 billion, a PE ratio of -5.55, a price-to-earnings-growth ratio of -0.07 and a beta of 0.65. NFI Group has a 1 year low of C$9.83 and a 1 year high of C$19.90.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.10 earnings per share (EPS) for the quarter. NFI Group had a negative net margin of 0.79% and a negative return on equity of 3.45%. On average, analysts anticipate that NFI Group will post 1.2814107 EPS for the current year.

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.