NFI Group (TSE:NFI) Given New C$33.00 Price Target at ATB Cormark Capital Markets

NFI Group (TSE:NFI) had its price objective hoisted by research analysts at ATB Cormark Capital Markets from C$32.00 to C$33.00 in a research note issued on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s price objective points to a potential upside of 36.03% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. BMO Capital Markets increased their target price on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Scotiabank lifted their price objective on shares of NFI Group from C$28.50 to C$29.50 and gave the company a “sector outperform” rating in a research note on Monday. TD cut their target price on NFI Group from C$33.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. National Bank Financial boosted their target price on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Stifel Nicolaus raised their price objective on NFI Group from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat, NFI Group currently has a consensus rating of “Buy” and a consensus price target of C$30.94.

NFI Group Stock Performance

Shares of NFI stock traded up C$0.01 on Monday, hitting C$24.26. The company’s stock had a trading volume of 456,760 shares, compared to its average volume of 313,484. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The stock’s 50 day moving average is C$24.61 and its 200-day moving average is C$21.95. NFI Group has a fifty-two week low of C$12.81 and a fifty-two week high of C$27.37. The company has a market capitalization of C$2.89 billion, a PE ratio of 53.53, a PEG ratio of -0.07 and a beta of 0.20.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, November 5th. The company reported C$0.39 earnings per share for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The business had revenue of C$1.43 billion during the quarter. Equities research analysts expect that NFI Group will post 1.28 earnings per share for the current fiscal year.

Insider Activity

In other NFI Group news, Director John Christopher Sapp purchased 1,900 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of C$24.88 per share, for a total transaction of C$47,272.00. Following the completion of the acquisition, the director owned 27,243 shares of the company’s stock, valued at C$677,805.84. The trade was a 7.50% increase in their position. Also, insider Brian Keith Dewsnup acquired 2,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average cost of C$23.29 per share, for a total transaction of C$46,580.00. Following the transaction, the insider owned 75,610 shares of the company’s stock, valued at approximately C$1,760,956.90. The trade was a 2.72% increase in their position. Insiders acquired a total of 16,995 shares of company stock valued at $396,102 over the last three months. Corporate insiders own 0.62% of the company’s stock.

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¿.