NFI Group Inc. (TSE:NFI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of NFI Group Inc. (TSE:NFI) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$21.00.

A number of equities research analysts recently issued reports on NFI shares. National Bankshares upped their price objective on shares of NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday. CIBC raised NFI Group from an “underperform” rating to a “neutral” rating and increased their price objective for the company from C$12.50 to C$20.00 in a report on Friday. BMO Capital Markets boosted their target price on NFI Group from C$15.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday. Stifel Nicolaus upgraded NFI Group from a “hold” rating to a “buy” rating and increased their price target for the company from C$15.00 to C$18.00 in a report on Monday, May 6th. Finally, ATB Capital boosted their price objective on shares of NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday.

NFI Group Stock Performance

Shares of NFI stock opened at C$18.85 on Monday. The firm has a market cap of C$2.24 billion, a P/E ratio of -14.39, a PEG ratio of -0.07 and a beta of 1.38. The company has a debt-to-equity ratio of 165.99, a current ratio of 1.81 and a quick ratio of 0.55. NFI Group has a fifty-two week low of C$10.85 and a fifty-two week high of C$19.30. The stock’s 50-day moving average is C$16.24 and its two-hundred day moving average is C$13.79.

NFI Group (TSE:NFI) last posted its earnings results on Thursday, May 2nd. The company reported C($0.18) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.18). NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%. The firm had revenue of C$974.37 million during the quarter, compared to analysts’ expectations of C$955.13 million. Analysts predict that NFI Group will post 0.2184143 earnings per share for the current fiscal year.

About NFI Group

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.