NFI Group (TSE:NFI) PT Lowered to C$32.00

NFI Group (TSE:NFI) had its price target decreased by equities research analysts at Scotiabank from C$34.00 to C$32.00 in a research report issued on Monday, BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 37.52% from the company’s current price.

A number of other research firms have also commented on NFI. ATB Capital dropped their price objective on NFI Group from C$38.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Monday. TD Securities lowered their price target on NFI Group from C$35.00 to C$31.00 and set a “hold” rating on the stock in a research note on Monday. Finally, CIBC lowered their price target on NFI Group from C$34.00 to C$30.00 and set a “neutral” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$33.78.

Shares of NFI Group stock traded down C$6.59 during trading on Monday, reaching C$23.27. The company’s stock had a trading volume of 1,224,405 shares, compared to its average volume of 313,724. The company has a debt-to-equity ratio of 139.86, a quick ratio of 0.67 and a current ratio of 1.71. The business’s fifty day moving average price is C$29.35 and its 200-day moving average price is C$28.07. The firm has a market cap of C$1.65 billion and a price-to-earnings ratio of -176.77. NFI Group has a one year low of C$14.97 and a one year high of C$32.74.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. It operates through two segments, Manufacturing Operations and Aftermarket Operations. The company offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the name Alexander Dennis Limited; motor coaches under Plaxton and MCI names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts name.

Read More: What can cause a stock to outperform?

Analyst Recommendations for NFI Group (TSE:NFI)

Receive News & Ratings for NFI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NFI Group and related companies with MarketBeat.com's FREE daily email newsletter.