NFI Group (TSE:NFI) Trading 13% Higher – Should You Buy?

NFI Group Inc. (TSE:NFI)’s share price rose 13% during trading on Thursday . The company traded as high as C$18.37 and last traded at C$17.95. Approximately 163,288 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 272,091 shares. The stock had previously closed at C$15.89.

Analysts Set New Price Targets

NFI has been the subject of a number of recent research reports. TD Securities upgraded shares of NFI Group to a “strong-buy” rating in a research note on Friday, January 30th. National Bank Financial reduced their target price on shares of NFI Group from C$28.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Finally, BMO Capital Markets decreased their target price on shares of NFI Group from C$18.00 to C$17.00 in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$22.14.

NFI Group Stock Performance

The company has a market cap of C$2.09 billion, a PE ratio of -7.19, a P/E/G ratio of -0.07 and a beta of 0.22. The company has a debt-to-equity ratio of 306.77, a quick ratio of 0.55 and a current ratio of 1.42. The stock’s 50-day simple moving average is C$16.96 and its 200 day simple moving average is C$15.86.

Insider Activity

In other news, Director Colin Robertson acquired 10,000 shares of NFI Group stock in a transaction that occurred on Wednesday, December 24th. The stock was purchased at an average price of C$15.97 per share, for a total transaction of C$159,700.00. Following the completion of the transaction, the director directly owned 56,217 shares in the company, valued at approximately C$897,785.49. This trade represents a 21.64% increase in their ownership of the stock. Also, insider Brian Keith Dewsnup acquired 4,100 shares of the stock in a transaction on Friday, December 26th. The stock was acquired at an average cost of C$16.14 per share, for a total transaction of C$66,174.00. Following the acquisition, the insider directly owned 69,010 shares in the company, valued at C$1,113,821.40. This represents a 6.32% increase in their position. Insiders have purchased 15,640 shares of company stock valued at $250,305 over the last three months. 0.62% of the stock is currently owned by corporate insiders.

About NFI Group

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¿.