BMO Capital Markets lowered shares of NFI Group (TSE:NFI - Free Report) from a strong-buy rating to a hold rating in a report released on Thursday, Zacks.com reports.
Other equities research analysts have also recently issued reports about the company. National Bankshares increased their price target on NFI Group from C$21.00 to C$22.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. ATB Capital increased their price target on NFI Group from C$18.00 to C$22.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Stifel Nicolaus increased their price target on NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. Cibc World Mkts upgraded NFI Group from a "strong sell" rating to a "hold" rating in a research note on Friday, August 2nd. Finally, CIBC upgraded NFI Group from an "underperform" rating to a "neutral" rating and increased their price target for the company from C$12.50 to C$20.00 in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$22.00.
Get Our Latest Stock Report on NFI
NFI Group Stock Down 1.6 %
NFI stock traded down C$0.26 during trading on Thursday, reaching C$15.59. 255,314 shares of the company traded hands, compared to its average volume of 227,265. NFI Group has a 12 month low of C$10.89 and a 12 month high of C$19.55. The business has a 50 day simple moving average of C$18.03 and a 200 day simple moving average of C$16.43. The company has a market capitalization of C$1.86 billion, a price-to-earnings ratio of -35.43, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 164.92, a quick ratio of 0.55 and a current ratio of 1.74.
NFI Group (TSE:NFI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.04 earnings per share for the quarter, beating analysts' consensus estimates of C$0.02 by C$0.02. NFI Group had a negative return on equity of 8.17% and a negative net margin of 1.59%. The company had revenue of C$1.16 billion for the quarter, compared to the consensus estimate of C$1.15 billion. On average, equities research analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current fiscal year.
Insider Transactions at NFI Group
In related news, Senior Officer Jason Michael Pellaers sold 2,145 shares of NFI Group stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$18.78, for a total transaction of C$40,283.10. Company insiders own 0.62% of the company's stock.
About NFI Group
(
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NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.
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