NFI Group’s (NFI) Hold Rating Reiterated at BMO Capital Markets

BMO Capital Markets restated their hold rating on shares of NFI Group (TSE:NFI) in a research note released on Wednesday morning. The firm currently has a C$44.00 price target on the stock.

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.

NFI Group (TSE:NFI) last announced its quarterly earnings results on Tuesday, August 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.98 by C$0.05. The company had revenue of C$868.62 million for the quarter, compared to analyst estimates of C$866.11 million. As a group, analysts forecast that NFI Group will post 2.87096562784877 EPS for the current year.

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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Analyst Recommendations for NFI Group (TSE:NFI)

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