Stephen King Acquires 640 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) insider Stephen King acquired 640 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was acquired at an average cost of C$15.70 per share, with a total value of C$10,048.00. Following the transaction, the insider owned 640 shares of the company’s stock, valued at approximately C$10,048. This trade represents a ∞ increase in their ownership of the stock.

NFI Group Trading Up 0.1%

TSE:NFI traded up C$0.01 on Friday, hitting C$16.68. 106,278 shares of the stock were exchanged, compared to its average volume of 297,358. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. NFI Group Inc. has a fifty-two week low of C$9.83 and a fifty-two week high of C$19.90. The stock has a market cap of C$1.99 billion, a PE ratio of -6.84, a PEG ratio of -0.07 and a beta of 0.60. The stock has a fifty day moving average of C$14.90 and a 200-day moving average of C$16.23.

NFI Group (TSE:NFI) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.10 EPS for the quarter. NFI Group had a negative return on equity of 3.45% and a negative net margin of 0.79%. As a group, equities analysts expect that NFI Group Inc. will post 1.2814107 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on NFI. National Bankshares lowered their price objective on shares of NFI Group from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. BMO Capital Markets dropped their price objective on NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. CIBC cut their price objective on NFI Group from C$23.00 to C$20.00 and set an “outperform” rating for the company in a report on Monday, September 29th. Finally, Scotiabank lowered their target price on NFI Group from C$23.00 to C$22.00 in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$21.67.

NFI Group Company Profile

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.