NFI Group (TSE:NFI) Shares Pass Above 50 Day Moving Average of $13.91

NFI Group Inc. (TSE:NFI)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$13.91 and traded as high as C$16.07. NFI Group shares last traded at C$15.82, with a volume of 218,607 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NFI. ATB Capital increased their price target on NFI Group from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. National Bankshares reduced their target price on NFI Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. BMO Capital Markets reduced their target price on NFI Group from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Stifel Canada raised NFI Group from a “hold” rating to a “buy” rating in a report on Monday, May 6th. Finally, Stifel Nicolaus raised 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. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$19.33.

NFI Group Stock Performance

The company has a debt-to-equity ratio of 165.99, a quick ratio of 0.55 and a current ratio of 1.81. The company has a market cap of C$1.88 billion, a price-to-earnings ratio of -12.08, a P/E/G ratio of -0.07 and a beta of 1.38. The company has a fifty day moving average of C$13.91 and a two-hundred day moving average of C$13.17.

NFI Group (TSE:NFI) last announced its earnings results on Thursday, May 2nd. The company reported C($0.18) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.18). The business had revenue of C$974.37 million during the quarter, compared to analyst estimates of C$955.13 million. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. Equities research analysts anticipate that NFI Group Inc. will post 0.2184143 EPS for the current year.

Insider Buying and Selling

In related news, Director Wendy Wai Ting Kei sold 6,888 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total transaction of C$78,798.72. In other news, Director Wendy Wai Ting Kei sold 6,888 shares of NFI Group stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total value of C$78,798.72. Also, Director Richard Paul Davies acquired 2,570 shares of the stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of C$13.17 per share, with a total value of C$33,846.90. 0.65% of the stock is owned by corporate insiders.

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.