John Christopher Sapp Buys 1,845 Shares of NFI Group (TSE:NFI) Stock

NFI Group Inc. (TSE:NFI) Director John Christopher Sapp bought 1,845 shares of the stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of C$25.74 per share, for a total transaction of C$47,490.30. Following the completion of the transaction, the director directly owned 25,343 shares of the company’s stock, valued at C$652,328.82. This trade represents a 7.85% increase in their ownership of the stock.

NFI Group Price Performance

Shares of NFI opened at C$24.38 on Friday. The business’s fifty day moving average is C$24.24 and its 200 day moving average is C$21.03. NFI Group Inc. has a 12-month low of C$12.50 and a 12-month high of C$26.40. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. The stock has a market cap of C$2.90 billion, a P/E ratio of 53.80, a P/E/G ratio of -0.07 and a beta of 0.16.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. The business had revenue of C$1.46 billion during the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. Sell-side analysts anticipate that NFI Group Inc. will post 1.2814107 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on NFI. ATB Cormark Capital Markets boosted their target price on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce raised their price target on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Scotiabank lifted their price target on NFI Group from C$27.00 to C$28.50 and gave the company a “sector outperform” rating in a research note on Wednesday. National Bank Financial boosted their price objective on NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, BMO Capital Markets increased their price objective on NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$30.50.

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¿.