NFI Group (TSE:NFI) Sets New 52-Week High – Here’s Why

Shares of NFI Group Inc. (TSE:NFI) hit a new 52-week high during trading on Thursday . The company traded as high as C$23.35 and last traded at C$23.29, with a volume of 225992 shares traded. The stock had previously closed at C$22.96.

Analysts Set New Price Targets

A number of brokerages have recently commented on NFI. TD Securities raised shares of NFI Group to a “strong-buy” rating in a research report on Friday, January 30th. TD boosted their price objective on shares of NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce boosted their price objective on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. ATB Cormark Capital Markets boosted their price objective on shares of NFI Group from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Finally, Scotiabank boosted their price objective on shares of NFI Group from C$24.50 to C$25.00 and gave the stock 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 assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$25.00.

NFI Group Stock Performance

The firm has a market capitalization of C$2.77 billion, a price-to-earnings ratio of -22.34, a P/E/G ratio of -0.07 and a beta of 0.01. The stock’s fifty day moving average is C$20.27 and its two-hundred day moving average is C$17.32. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05.

NFI Group (TSE:NFI) last issued its earnings results on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. The business had revenue of C$1.17 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, analysts predict that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Insider Activity

In other news, Director Colin Robertson bought 15,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of C$20.82 per share, for a total transaction of C$312,300.00. Following the completion of the acquisition, the director owned 333,783 shares in the company, valued at approximately C$6,949,362.06. This represents a 4.71% increase in their ownership of the stock. Also, Director Adam L. Gray acquired 156,600 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was bought at an average price of C$20.69 per share, for a total transaction of C$3,240,054.00. Following the completion of the acquisition, the director owned 25,526,215 shares of the company’s stock, valued at approximately C$528,137,388.35. The trade was a 0.62% increase in their ownership of the stock. Insiders have acquired a total of 240,965 shares of company stock valued at $5,000,690 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.

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¿.