NFI Group Inc. (TSE:NFI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of NFI Group Inc. (TSE:NFI) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$18.58.

Several analysts recently issued reports on NFI shares. BMO Capital Markets cut their target price on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. National Bankshares raised their price target on NFI Group from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. Finally, CIBC raised their price target on NFI Group from C$11.50 to C$12.00 and gave the company an “underperform” rating in a report on Monday, January 22nd.

NFI Group Trading Down 0.6 %

Shares of TSE:NFI opened at C$11.11 on Friday. The company has a market cap of C$1.32 billion, a P/E ratio of -5.53, a PEG ratio of -0.07 and a beta of 1.35. The company has a debt-to-equity ratio of 161.79, a current ratio of 1.84 and a quick ratio of 0.55. NFI Group has a 1 year low of C$7.00 and a 1 year high of C$14.55. The stock’s fifty day moving average price is C$12.03 and its 200-day moving average price is C$12.86.

NFI Group (TSE:NFI) last posted its earnings results on Thursday, February 29th. The company reported C($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.28) by C$0.21. NFI Group had a negative return on equity of 21.27% and a negative net margin of 5.07%. The company had revenue of C$1.08 billion for the quarter, compared to the consensus estimate of C$1.21 billion. Sell-side analysts expect that NFI Group will post 0.2237351 earnings per share for the current year.

Insider Buying and Selling

In other NFI Group news, Senior Officer Brian Keith Dewsnup purchased 5,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of C$8.39 per share, with a total value of C$48,213.75. In other NFI Group news, Director Wendy Wai Ting Kei sold 6,888 shares of NFI Group stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total transaction of C$78,798.72. Also, Senior Officer Brian Keith Dewsnup bought 5,750 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of C$8.39 per share, with a total value of C$48,213.75. In the last three months, insiders acquired 64,228 shares of company stock valued at $734,754. Insiders own 0.78% of the company’s stock.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.