Brokerages Set NFI Group Inc. (TSE:NFI) Price Target at C$22.20

Shares of NFI Group Inc. (TSE:NFI) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$22.20.

NFI has been the topic of several recent analyst reports. CIBC upped their price target on NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. BMO Capital Markets cut shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Cibc World Mkts upgraded shares of NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th.

NFI Group Price Performance

NFI Group stock opened at C$13.30 on Monday. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92. The company has a 50-day moving average price of C$14.19 and a 200 day moving average price of C$16.44. NFI Group has a 12-month low of C$10.89 and a 12-month high of C$19.55. The stock has a market cap of C$1.58 billion, a P/E ratio of -30.23, a PEG ratio of -0.07 and a beta of 1.41.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.10). NFI Group had a negative return on equity of 8.17% and a negative net margin of 1.59%. Sell-side analysts anticipate that NFI Group will post 1.2814107 earnings per share for the current year.

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.