NFI Group (TSE:NFI) Hits New 1-Year High – Here’s Why

Shares of NFI Group Inc. (TSE:NFI) reached a new 52-week high on Friday . The company traded as high as C$26.39 and last traded at C$25.60, with a volume of 35204 shares. The stock had previously closed at C$25.12.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NFI. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce raised their price objective on NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. TD lifted their price objective on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Monday, May 11th. National Bank Financial boosted their price objective on NFI Group from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Finally, Scotiabank boosted their price objective on NFI Group from C$24.50 to C$25.00 and gave the company a “sector outperform” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, NFI Group currently has an average rating of “Buy” and a consensus price target of C$25.38.

NFI Group Trading Down 1.8%

The business’s 50 day moving average price is C$24.02 and its 200-day moving average price is C$20.72. The company has a market cap of C$2.91 billion, a price-to-earnings ratio of -23.42, a PEG ratio of -0.07 and a beta of 0.16. The company has a debt-to-equity ratio of 221.05, a quick ratio of 0.55 and a current ratio of 1.25.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share for the quarter. The business had revenue of C$1.46 billion for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. On average, research analysts forecast that NFI Group Inc. will post 1.2814107 EPS for the current year.

Insider Activity

In related news, Director John Christopher Sapp acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of C$20.66 per share, with a total value of C$51,650.00. Following the completion of the acquisition, the director owned 20,653 shares of the company’s stock, valued at C$426,690.98. This trade represents a 13.77% increase in their ownership of the stock. Also, insider Stephen King acquired 1,050 shares of the stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the completion of the purchase, the insider owned 5,512 shares in the company, valued at approximately C$131,461.20. This trade represents a 23.53% increase in their position. Over the last quarter, insiders have purchased 242,015 shares of company stock valued at $5,025,732. 0.62% of the stock is owned by company 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¿.