NFI Group (TSE:NFI) Reaches New 12-Month Low – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Several 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 note on Thursday, October 31st. Cibc World Mkts upgraded NFI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Finally, CIBC boosted their price objective on shares of NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$22.20.

NFI Group Price Performance

The company has a market capitalization of C$1.28 billion, a PE ratio of -24.48, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a debt-to-equity ratio of 164.92, a current ratio of 1.74 and a quick ratio of 0.55. The stock’s 50 day simple moving average is C$13.59 and its 200-day simple moving average is C$16.13.

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

NFI Group Company Profile

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.