Brokerages Set NFI Group Inc. (TSE:NFI) Target Price at C$22.20

NFI Group Inc. (TSE:NFI) has received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$22.20.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets cut shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. CIBC raised their price objective on shares of 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 report on Wednesday, December 4th.

NFI Group Trading Up 0.3 %

TSE NFI opened at C$13.34 on Monday. NFI Group has a 1-year low of C$10.89 and a 1-year high of C$19.55. The firm has a market capitalization of C$1.59 billion, a P/E ratio of -30.32, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The firm’s 50 day moving average is C$14.06. The company has a quick ratio of 0.55, a current ratio of 1.74 and a debt-to-equity ratio of 164.92.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate 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%. On average, analysts predict that NFI Group will post 1.2814107 earnings per share for the current 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.