NFI Group (TSE:NFI) Raised to “Hold” at Cibc World Mkts

Cibc World Mkts upgraded shares of NFI Group (TSE:NFI) from a strong sell rating to a hold rating in a report issued on Friday morning, Zacks.com reports.

Several other equities research analysts have also commented on NFI. BMO Capital Markets raised their price target on shares of NFI Group from C$15.00 to C$23.00 and gave the company an outperform rating in a research note on Friday. National Bankshares boosted their target price on NFI Group from C$21.00 to C$22.00 and gave the stock an outperform rating in a research report on Friday. Stifel Nicolaus raised NFI Group from a hold rating to a buy rating and lifted their price target for the stock from C$15.00 to C$18.00 in a research note on Monday, May 6th. Stifel Canada upgraded NFI Group from a hold rating to a buy rating in a report on Monday, May 6th. Finally, ATB Capital increased their price target on shares of NFI Group from C$18.00 to C$22.00 and gave the stock an outperform rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of C$22.00.

NFI Group Stock Performance

TSE:NFI traded down C$0.02 during trading hours on Friday, reaching C$18.83. 422,601 shares of the stock were exchanged, compared to its average volume of 201,656. NFI Group has a 52 week low of C$10.85 and a 52 week high of C$19.30. The company has a quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 165.99. The stock has a market capitalization of C$2.24 billion, a P/E ratio of -14.58, a P/E/G ratio of -0.07 and a beta of 1.38. The firm has a 50 day simple moving average of C$16.24 and a 200-day simple moving average of C$13.79.

NFI Group Company Profile

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.