NFI Group Inc. (TSE:NFI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of NFI Group Inc. (TSE:NFI) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$19.67.

NFI has been the subject of a number of recent analyst reports. Stifel Nicolaus upgraded shares of NFI Group from a “hold” rating to a “buy” rating and upped their price target for the stock from C$15.00 to C$18.00 in a research report on Monday, May 6th. 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 note on Monday, May 6th. Stifel Canada upgraded NFI Group from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. CIBC upped their price objective on NFI Group from C$12.00 to C$12.50 and gave the stock an “underperform” rating in a research note on Tuesday, May 7th. Finally, National Bankshares lifted their target price on NFI Group from C$19.00 to C$21.00 and gave the company an “outperform” rating in a research note on Friday, June 28th.

NFI Group Stock Performance

TSE:NFI opened at C$16.29 on Thursday. 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 stock has a 50-day simple moving average of C$14.97 and a two-hundred day simple moving average of C$13.33. The firm has a market capitalization of C$1.94 billion, a PE ratio of -12.44, a P/E/G ratio of -0.07 and a beta of 1.38. 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 announced its quarterly earnings data 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). The company had revenue of C$974.37 million during the quarter, compared to the consensus estimate of C$955.13 million. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. Analysts forecast that NFI Group will post 0.2184143 EPS 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.