National Bankshares Boosts NFI Group (TSE:NFI) Price Target to C$14.00

NFI Group (TSE:NFIGet Rating) had its price target lifted by National Bankshares from C$13.00 to C$14.00 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts also recently commented on NFI. CIBC lowered their target price on shares of NFI Group from C$14.00 to C$10.00 and set a neutral rating for the company in a report on Tuesday, October 25th. Scotiabank downgraded shares of NFI Group from an outperform rating to a sector perform rating and reduced their price objective for the stock from C$18.00 to C$14.00 in a research report on Tuesday, October 25th. Stifel Nicolaus lifted their target price on shares of NFI Group from C$6.00 to C$8.50 in a research report on Thursday, August 4th. TD Securities reduced their target price on NFI Group from C$11.50 to C$10.50 and set a hold rating for the company in a report on Thursday, November 17th. Finally, ATB Capital decreased their price target on NFI Group from C$21.00 to C$18.00 and set a speculative buy rating for the company in a research report on Tuesday, October 25th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, NFI Group presently has a consensus rating of Hold and a consensus price target of C$12.57.

NFI Group Trading Down 1.3 %

TSE NFI opened at C$9.78 on Monday. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 137.03. The business has a fifty day simple moving average of C$11.16 and a 200 day simple moving average of C$12.49. NFI Group has a 12 month low of C$8.67 and a 12 month high of C$22.19. The firm has a market capitalization of C$754.51 million and a P/E ratio of -11.10.

NFI Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Friday, September 30th were issued a $0.053 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 2.17%. NFI Group’s dividend payout ratio (DPR) is presently -32.83%.

NFI Group Company Profile

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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 Alexander Dennis Limited brand name; motor coaches under Plaxton and MCI brand names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts brand name, as well as articulated buses.

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Analyst Recommendations for NFI Group (TSE:NFI)

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