Several other research analysts also recently issued reports on the stock. National Bank Financial lowered their price target on shares of NFI Group from C$62.00 to C$59.00 and set an outperform rating for the company in a report on Tuesday, October 16th. TD Securities lowered their price target on shares of NFI Group from C$66.00 to C$60.00 and set a buy rating for the company in a report on Wednesday, October 17th. Finally, CIBC lowered their price target on shares of NFI Group from C$66.00 to C$62.00 in a report on Tuesday, October 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. NFI Group presently has an average rating of Buy and an average target price of C$55.40.
Shares of TSE:NFI opened at C$41.26 on Wednesday. The company has a debt-to-equity ratio of 78.47, a quick ratio of 1.00 and a current ratio of 2.00. NFI Group has a 52-week low of C$38.59 and a 52-week high of C$61.25.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.375 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.50 annualized dividend and a dividend yield of 3.64%. NFI Group’s dividend payout ratio (DPR) is presently 35.92%.
About NFI Group
NFI Group Inc, together with its subsidiaries, manufactures heavy-duty transit buses, medium-duty buses, low-floor cutaway buses, and motor coaches in the United States and Canada. It operates through two segments, Transit Bus and Motor Coach Manufacturing Operations; and Aftermarket Operations. The Transit Bus and Motor Coach Manufacturing Operations segment designs, manufactures, and sells heavy-duty transit buses, motor coaches, medium-duty buses and cutaways.
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