NFI Group (TSE:NFI) Given New C$21.00 Price Target at National Bankshares

NFI Group (TSE:NFI) had its price target upped by National Bankshares from C$19.00 to C$21.00 in a research note released on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also issued reports on NFI. Stifel Canada upgraded NFI Group from a hold rating to a buy rating in a research note on Monday, May 6th. ATB Capital increased their price target on shares of NFI Group from C$17.00 to C$18.00 and gave the stock an outperform rating in a report on Monday, May 6th. BMO Capital Markets reduced their price objective on shares of NFI Group from C$17.00 to C$15.00 and set an outperform rating for the company in a research note on Friday, March 1st. Stifel Nicolaus raised shares of NFI Group from a hold rating to a buy rating and upped their target price for the stock from C$15.00 to C$18.00 in a report on Monday, May 6th. Finally, CIBC raised their price target on shares of NFI Group from C$12.00 to C$12.50 and gave the company an underperform rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, NFI Group presently has an average rating of Moderate Buy and a consensus target price of C$19.67.

NFI Group Price Performance

TSE NFI opened at C$15.84 on Friday. The company has a market cap of C$1.88 billion, a PE ratio of -12.09, a price-to-earnings-growth ratio of -0.07 and a beta of 1.38. 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 firm’s 50-day simple moving average is C$14.68 and its two-hundred day simple moving average is C$13.29. NFI Group has a 52 week low of C$10.40 and a 52 week high of C$16.87.

NFI Group (TSE:NFI) last released its quarterly earnings data on Thursday, May 2nd. The company reported C($0.18) EPS for the quarter, hitting the consensus estimate of C($0.18). NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%. The company had revenue of C$974.37 million during the quarter, compared to the consensus estimate of C$955.13 million. Research analysts predict that NFI Group will post 0.2184143 earnings per share for the current 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.