BMO Capital Markets Increases NFI Group (TSE:NFI) Price Target to C$23.00

NFI Group (TSE:NFI) had its target price increased by BMO Capital Markets from C$15.00 to C$23.00 in a report released on Friday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Stifel Nicolaus upgraded NFI Group from a hold rating to a buy rating and raised their target price for the company from C$15.00 to C$18.00 in a report on Monday, May 6th. National Bankshares raised their target price on NFI Group from C$19.00 to C$21.00 and gave the company an outperform rating in a report on Friday, June 28th. CIBC raised their target price on NFI Group from C$12.00 to C$12.50 and gave the company an underperform rating in a report on Tuesday, May 7th. Stifel Canada upgraded NFI Group from a hold rating to a buy rating in a report on Monday, May 6th. Finally, ATB Capital raised their target price on NFI Group from C$17.00 to C$18.00 and gave the company an outperform rating in a report on Monday, May 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, NFI Group presently has a consensus rating of Moderate Buy and a consensus target price of C$21.00.

NFI Group Trading Down 1.2 %

Shares of NFI Group stock opened at C$18.85 on Friday. The company has a debt-to-equity ratio of 165.99, a quick ratio of 0.55 and a current ratio of 1.81. NFI Group has a 52 week low of C$10.85 and a 52 week high of C$19.30. The stock has a 50 day moving average price of C$16.24 and a two-hundred day moving average price of C$13.79. The stock has a market capitalization of C$2.24 billion, a PE ratio of -14.39, a price-to-earnings-growth ratio of -0.07 and a beta of 1.38.

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.