Key Points
- Director John Christopher Sapp bought 1,845 NFI Group shares at C$25.74 each, investing approximately C$47,490 and increasing his direct ownership by 7.85%.
- NFI reported quarterly revenue of C$1.46 billion and EPS of C$0.33, while its shares opened at C$24.60 and remained near their 52-week high of C$26.40.
- Analysts remain broadly bullish: NFI has an average “Buy” rating and a consensus price target of C$30.50, with several firms recently raising their targets to between C$31 and C$36.
NFI Group Inc. (TSE:NFI - Get Free Report) Director John Christopher Sapp purchased 1,845 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of C$25.74 per share, for a total transaction of C$47,490.30. Following the completion of the acquisition, 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 position.
NFI Group Stock Down 1.4%
NFI stock opened at C$24.60 on Friday. The stock's fifty day simple moving average is C$24.20 and its two-hundred day simple moving average is C$21.01. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 196.71. NFI Group Inc. has a 1-year low of C$12.50 and a 1-year high of C$26.40. The stock has a market cap of C$2.93 billion, a P/E ratio of 54.28, a P/E/G ratio of -0.07 and a beta of 0.16.
NFI Group (TSE:NFI - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%.The firm had revenue of C$1.46 billion during the quarter. Analysts expect that NFI Group Inc. will post 1.2814107 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on NFI shares. Stifel Nicolaus raised their price objective on shares of NFI Group from C$26.00 to C$31.00 and gave the stock a "buy" rating in a report on Monday. BMO Capital Markets boosted their target price on shares of NFI Group from C$27.00 to C$32.00 in a research note on Friday, August 7th. ATB Cormark Capital Markets increased their target price on shares of NFI Group from C$31.00 to C$32.00 and gave the company an "outperform" rating in a research report on Monday. 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 note on Tuesday, May 12th. Finally, Canaccord Genuity Group lifted their price target on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a "buy" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, NFI Group presently has an average rating of "Buy" and a consensus target price of C$30.50.
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Key Stories Impacting NFI Group
Here are the key news stories impacting NFI Group this week:
- Positive Sentiment: Director John Christopher Sapp purchased 1,845 NFI shares at an average price of C$25.74, investing approximately C$47,490. The transaction increased his direct ownership by 7.85% and may be viewed as a sign of management confidence in the company’s outlook.
- Positive Sentiment: Scotiabank raised its price target to C$28.50 from C$27.00 and maintained a “sector outperform” rating, implying approximately 14.2% upside from the quoted price. BayStreet analyst ratings
- Positive Sentiment: TD raised its NFI price target to C$33.00, while National Bank Financial increased its target to C$30.00. The target revisions reinforce a broadly bullish analyst view. TD raises NFI price target National Bank raises NFI price target
- Positive Sentiment: Canaccord Genuity, Stifel Nicolaus and ATB Capital Markets reportedly forecast strong price appreciation for NFI, adding to the positive analyst momentum. Canaccord Genuity NFI forecast Stifel Nicolaus NFI forecast ATB Cormark NFI forecast
- Positive Sentiment: A report says World Cup-related purchases boosted NFI Group revenue, suggesting event-driven demand is contributing to sales growth. World Cup purchases boost NFI Group revenues
NFI Group Company Profile
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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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