Shares of NFI Group Inc. (TSE:NFI – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as C$19.40 and last traded at C$19.14, with a volume of 35046 shares. The stock had previously closed at C$19.16.
Analyst Upgrades and Downgrades
NFI has been the topic of a number of research reports. Stifel Nicolaus boosted their price objective on NFI Group from C$18.00 to C$23.00 in a research note on Tuesday, August 6th. CIBC raised NFI Group from an “underperform” rating to a “neutral” rating and raised their price target for the stock from C$12.50 to C$20.00 in a report on Friday, August 2nd. BMO Capital Markets lifted their price objective on shares of NFI Group from C$15.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Stifel Canada upgraded shares of NFI Group from a “hold” rating to a “buy” rating in a research report on Monday, May 6th. Finally, ATB Capital lifted their price target on NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$22.00.
View Our Latest Stock Report on NFI
NFI Group Price Performance
NFI Group (TSE:NFI – Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.02. The business had revenue of C$1.16 billion during the quarter, compared to the consensus estimate of C$1.15 billion. NFI Group had a negative net margin of 1.59% and a negative return on equity of 8.17%. As a group, research analysts anticipate that NFI Group Inc. will post 0.2414861 earnings per share for the current fiscal year.
Insider Activity at NFI Group
In other news, Senior Officer Jason Michael Pellaers sold 2,145 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$18.78, for a total value of C$40,283.10. 0.62% of the stock is owned by company insiders.
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.
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