Key Points
- Insider buying: Douglas John Proven purchased 1,000 NFI Group shares for C$23,240, increasing his holdings by 10% to 11,000 shares.
- NFI shares opened at C$23.32, with a 12-month range of C$12.50 to C$26.40. The company reported quarterly revenue of C$1.46 billion and EPS of C$0.33.
- Analyst sentiment remains positive: NFI has a consensus “Buy” rating and a C$30.50 price target, with several brokerages recently raising their targets.
NFI Group Inc. (TSE:NFI - Get Free Report) insider Douglas John Proven acquired 1,000 shares of NFI Group stock in a transaction that occurred on Wednesday, September 2nd. The shares were bought at an average price of C$23.24 per share, with a total value of C$23,240.00. Following the transaction, the insider directly owned 11,000 shares in the company, valued at approximately C$255,640. This trade represents a 10.00% increase in their ownership of the stock.
NFI Group Price Performance
Shares of NFI opened at C$23.32 on Wednesday. NFI Group Inc. has a 12 month low of C$12.50 and a 12 month high of C$26.40. The company has a debt-to-equity ratio of 196.71, a current ratio of 1.18 and a quick ratio of 0.55. The stock has a fifty day moving average price of C$24.32 and a 200 day moving average price of C$21.95. The company has a market cap of C$2.78 billion, a P/E ratio of 51.46, a PEG ratio of -0.07 and a beta of 0.21.
NFI Group (TSE:NFI - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. The company had revenue of C$1.46 billion for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%. On average, research analysts forecast that NFI Group Inc. will post 1.2814107 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on NFI. ATB Cormark Capital Markets boosted their price objective on NFI Group from C$31.00 to C$32.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Canaccord Genuity Group raised their target price on NFI Group from C$35.00 to C$36.00 and gave the company a "buy" rating in a research report on Monday, August 10th. TD lifted their target price on NFI Group from C$26.00 to C$33.00 and gave the company a "buy" rating in a research note on Monday, August 10th. BMO Capital Markets boosted their price target on NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. Finally, Stifel Nicolaus increased their price target on NFI Group from C$26.00 to C$31.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$30.50.
Read Our Latest Stock Report on NFI
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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