Key Points
- Insider buying: NFI Group insider Stephen King bought 665 shares at C$22.70 each, spending C$15,095.50 and increasing his holdings by 17.51% to 4,462 shares.
- Stock momentum: NFI shares rose 3.8% and opened at C$22.85, matching their 52-week high. The stock has climbed above both its 50-day and 200-day moving averages.
- Analyst sentiment remains positive: Several firms raised price targets recently, and the stock carries an average analyst rating of Buy with a consensus target of C$25.00.
NFI Group Inc. (TSE:NFI - Get Free Report) insider Stephen King bought 665 shares of the company's stock in a transaction that occurred on Monday, May 25th. The shares were acquired at an average cost of C$22.70 per share, with a total value of C$15,095.50. Following the transaction, the insider owned 4,462 shares in the company, valued at approximately C$101,287.40. This represents a 17.51% increase in their position.
NFI Group Trading Up 3.8%
Shares of NFI stock opened at C$22.85 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. NFI Group Inc. has a fifty-two week low of C$12.50 and a fifty-two week high of C$22.85. The firm's 50 day moving average price is C$20.04 and its two-hundred day moving average price is C$17.19. The stock has a market cap of C$2.72 billion, a price-to-earnings ratio of -21.91, a price-to-earnings-growth ratio of -0.07 and a beta of 0.01.
NFI Group (TSE:NFI - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 earnings per share (EPS) for the quarter. NFI Group had a negative net margin of 3.32% and a negative return on equity of 22.22%. The company had revenue of C$1.17 billion during the quarter. On average, analysts anticipate that NFI Group Inc. will post 1.2814107 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have commented on NFI. Scotiabank raised their price objective on NFI Group from C$24.50 to C$25.00 and gave the company a "sector outperform" rating in a research report on Monday, May 11th. ATB Cormark Capital Markets increased their target price on NFI Group from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research note on Friday, March 13th. Canadian Imperial Bank of Commerce raised their target price on NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. TD boosted their price target on NFI Group from C$25.00 to C$26.00 and gave the stock a "buy" rating in a research report on Monday, May 11th. Finally, TD Securities upgraded NFI Group to a "strong-buy" rating in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of C$25.00.
Check Out Our Latest Stock Report on NFI Group
NFI Group Company Profile
(
Get Free Report)
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¿.
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