NFI Group Inc. (TSE:NFI) Receives C$35.33 Average PT from Brokerages

Shares of NFI Group Inc. (TSE:NFI) have been assigned an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$35.33.

NFI has been the subject of several recent research reports. CIBC downgraded NFI Group from an “outperform” rating to a “neutral” rating and set a C$34.00 price objective for the company. in a research report on Monday, August 30th. TD Securities boosted their price objective on NFI Group from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Friday, August 6th. Finally, ATB Capital boosted their price objective on NFI Group from C$33.00 to C$38.00 and gave the company a “buy” rating in a research report on Thursday, August 5th.

TSE:NFI traded up C$0.59 during mid-day trading on Thursday, reaching C$30.01. The stock had a trading volume of 171,182 shares, compared to its average volume of 309,390. The firm has a 50 day moving average price of C$29.32 and a two-hundred day moving average price of C$28.07. The stock has a market capitalization of C$2.13 billion and a P/E ratio of -225.64. NFI Group has a one year low of C$14.97 and a one year high of C$32.74. The company has a debt-to-equity ratio of 139.86, a quick ratio of 0.67 and a current ratio of 1.71.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the name Alexander Dennis Limited; motor coaches under Plaxton and MCI names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts name.

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Analyst Recommendations for NFI Group (TSE:NFI)

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