ATB Capital Issues Positive Forecast for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI) had its price target lifted by ATB Capital from C$24.00 to C$26.00 in a research note released on Monday,BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on the stock. CIBC lifted their price target on shares of NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. Cibc World Mkts raised shares of NFI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets decreased their target price on shares of NFI Group from C$14.00 to C$13.00 in a report on Friday. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$20.80.

NFI Group Price Performance

Shares of TSE NFI opened at C$12.96 on Monday. NFI Group has a 1 year low of C$9.91 and a 1 year high of C$19.55. The stock has a market cap of C$1.07 billion, a PE ratio of -44.40, a P/E/G ratio of -0.07 and a beta of 1.41. The company’s 50-day simple moving average is C$12.04. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.55 and a current ratio of 1.71.

NFI Group Company Profile

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.