NFI Group (TSE:NFI) Sets New 1-Year Low – What’s Next?

NFI Group Inc. (TSE:NFI) shares hit a new 52-week low on Thursday . The company traded as low as C$10.78 and last traded at C$10.80, with a volume of 530843 shares changing hands. The stock had previously closed at C$11.04.

Analysts Set New Price Targets

NFI has been the subject of a number of analyst reports. BMO Capital Markets downgraded shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. CIBC increased their price objective on NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th. Finally, Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$22.20.

NFI Group Stock Down 2.4 %

The stock has a market cap of C$1.28 billion, a PE ratio of -24.48, a P/E/G ratio of -0.07 and a beta of 1.41. The business has a 50 day moving average of C$13.59 and a 200-day moving average of C$16.13. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92.

NFI Group (TSE:NFI) last announced its earnings results on Wednesday, November 6th. The company reported C($0.05) EPS for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.10). NFI Group had a negative net margin of 1.59% and a negative return on equity of 8.17%. Equities research analysts predict that NFI Group Inc. will post 1.2814107 EPS for the current fiscal year.

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.