BMO Capital Markets Has Lowered Expectations for NFI Group (TSE:NFI) Stock Price

NFI Group (TSE:NFI) had its price objective decreased by BMO Capital Markets from C$14.00 to C$13.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other brokerages have also issued reports on NFI. ATB Capital lifted their price target on NFI Group from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. CIBC lifted their price target on NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. Finally, Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$20.60.

NFI Group Stock Performance

Shares of TSE:NFI opened at C$13.42 on Friday. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The business’s 50 day moving average price is C$12.08 and its 200-day moving average price is C$14.89. The firm has a market capitalization of C$1.11 billion, a PE ratio of -45.97, a P/E/G ratio of -0.07 and a beta of 1.41. NFI Group has a 1 year low of C$9.91 and a 1 year high of C$19.55.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.