NFI Group (TSE:NFI) Hits New 1-Year High – Still a Buy?

NFI Group Inc. (TSE:NFI) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$25.86 and last traded at C$25.77, with a volume of 291555 shares traded. The stock had previously closed at C$25.07.

Analyst Ratings Changes

Several research firms have issued reports on NFI. Canaccord Genuity Group upgraded shares of NFI Group to a “strong-buy” rating in a research report on Monday, June 1st. National Bank Financial increased their price objective on NFI Group from C$22.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Stifel Nicolaus increased their price objective on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. TD raised their price objective on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce lifted their target price on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$25.00.

NFI Group Trading Up 2.8%

The company has a 50 day moving average of C$22.73 and a 200 day moving average of C$19.66. The firm has a market cap of C$3.07 billion, a P/E ratio of -24.71, a PEG ratio of -0.07 and a beta of 0.14. 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 quarterly earnings data on Thursday, May 7th. The company reported C$0.25 earnings per share for the quarter. The firm 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%. Analysts predict that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

Insider Activity at NFI Group

In other NFI Group news, Director Colin Robertson purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of C$20.82 per share, for a total transaction of C$312,300.00. Following the acquisition, the director owned 333,783 shares of the company’s stock, valued at C$6,949,362.06. This trade represents a 4.71% increase in their ownership of the stock. Also, Director John Christopher Sapp acquired 2,500 shares of NFI Group stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of C$20.66 per share, with a total value of C$51,650.00. Following the purchase, the director owned 20,653 shares in the company, valued at C$426,690.98. The trade was a 13.77% increase in their position. Insiders have acquired a total of 242,015 shares of company stock worth $5,025,732 over the last quarter. 0.62% of the stock is currently owned by corporate insiders.

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¿.