ATB Capital Boosts NFI Group (TSE:NFI) Price Target to C$18.00

NFI Group (TSE:NFI) had its price objective raised by investment analysts at ATB Capital from C$17.00 to C$18.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s price target points to a potential upside of 36.16% from the company’s current price.

Several other equities research analysts also recently weighed in on NFI. BMO Capital Markets cut their target price on shares of NFI Group from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. CIBC upped their price objective on NFI Group from C$11.50 to C$12.00 and gave the stock an “underperform” rating in a research report on Monday, January 22nd. Finally, National Bankshares lifted their target price 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. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$19.33.

NFI Group Stock Down 0.7 %

TSE NFI opened at C$13.22 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 163.50. NFI Group has a 52 week low of C$8.35 and a 52 week high of C$14.55. The business’s fifty day simple moving average is C$11.93 and its 200-day simple moving average is C$12.72. The firm has a market cap of C$1.57 billion, a PE ratio of -9.94, a P/E/G ratio of -0.07 and a beta of 1.35.

NFI Group (TSE:NFI) last announced its earnings results on Thursday, February 29th. The company reported C($0.07) EPS for the quarter, beating analysts’ consensus estimates of C($0.28) by C$0.21. The company had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.21 billion. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. As a group, equities analysts anticipate that NFI Group will post 0.2266807 earnings per share for the current year.

Insider Buying and Selling at NFI Group

In other news, Director Richard Paul Davies bought 2,570 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of C$13.17 per share, for a total transaction of C$33,846.90. In related news, Director Wendy Wai Ting Kei sold 6,888 shares of the business’s stock in a transaction that occurred 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, Director Richard Paul Davies acquired 2,570 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were bought at an average cost of C$13.17 per share, for a total transaction of C$33,846.90. In the last three months, insiders have bought 64,228 shares of company stock valued at $734,754. Insiders own 0.65% 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.