NFI Group (TSE:NFI – Free Report) had its price objective hoisted by CIBC from C$12.00 to C$12.50 in a report issued on Tuesday, BayStreet.CA reports. They currently have an underperform rating on the stock.
NFI has been the subject of a number of other reports. BMO Capital Markets lowered their price target on NFI Group from C$17.00 to C$15.00 and set an outperform rating for the company in a research note on Friday, March 1st. Stifel Nicolaus raised NFI Group from a hold rating to a buy rating and upped their price target for the company from C$15.00 to C$18.00 in a research note on Monday. National Bankshares lowered their price target on NFI Group from C$20.00 to C$19.00 and set an outperform rating for the company in a research note on Monday. Finally, ATB Capital upped their price target on NFI Group from C$17.00 to C$18.00 and gave the company an outperform rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$19.33.
Check Out Our Latest Analysis on NFI Group
NFI Group Stock Performance
NFI Group (TSE:NFI – Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported C($0.07) earnings per share for the quarter, topping the consensus estimate of C($0.28) by C$0.21. The firm had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.21 billion. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. Equities analysts predict that NFI Group will post 0.2266807 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Richard Paul Davies purchased 2,570 shares of NFI Group stock in a transaction on Thursday, March 28th. The stock was purchased at an average price of C$13.17 per share, with a total value of C$33,846.90. In other news, Director Richard Paul Davies acquired 2,570 shares of the stock in a transaction on Thursday, March 28th. The shares were purchased at an average price of C$13.17 per share, for a total transaction of C$33,846.90. Also, Senior Officer Brian Keith Dewsnup acquired 5,750 shares of the stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of C$8.39 per share, for a total transaction of C$48,213.75. Insiders bought a total of 64,228 shares of company stock valued at $734,754 in the last quarter. 0.65% of the stock is currently owned by insiders.
About NFI Group
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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