Key Points
- Insider purchase: Brian Keith Dewsnup acquired 2,000 NFI Group shares at an average price of C$23.29, investing C$46,580 and increasing his ownership by 2.72% to 75,610 shares.
- Stock and financial performance: NFI shares opened at C$23.25, with a 12-month range of C$12.50 to C$26.40. The company reported quarterly revenue of C$1.46 billion and earnings of C$0.33 per share.
- Analyst outlook: Analysts maintain a consensus “Buy” rating, with an average price target of C$30.50; several firms recently raised their targets to between C$28.50 and C$32.00.
NFI Group Inc. (TSE:NFI - Get Free Report) insider Brian Keith Dewsnup bought 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were acquired at an average price of C$23.29 per share, with a total value of C$46,580.00. Following the purchase, the insider owned 75,610 shares in the company, valued at C$1,760,956.90. This trade represents a 2.72% increase in their ownership of the stock.
NFI Group Stock Performance
Shares of TSE NFI opened at C$23.25 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. The business's 50 day moving average is C$24.31 and its two-hundred day moving average is C$21.59. The company has a market cap of C$2.77 billion, a P/E ratio of 51.30, a P/E/G ratio of -0.07 and a beta of 0.16. NFI Group Inc. has a 12 month low of C$12.50 and a 12 month high of C$26.40.
NFI Group (TSE:NFI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%.The company had revenue of C$1.46 billion during the quarter. On average, equities analysts expect that NFI Group Inc. will post 1.2814107 EPS for the current year.
Analysts Set New Price Targets
NFI has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of NFI Group from C$26.00 to C$31.00 and gave the company a "buy" rating in a report on Monday, August 10th. Scotiabank boosted their price objective on shares of NFI Group from C$27.00 to C$28.50 and gave the stock a "sector outperform" rating in a report on Wednesday, August 12th. ATB Cormark Capital Markets boosted their price objective on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. National Bank Financial upped their price objective on shares of NFI Group from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat.com, NFI Group currently has a consensus rating of "Buy" and an average price target of C$30.50.
Get Our Latest Research 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¿.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
