NFI Group (TSE:NFI) Given New C$34.00 Price Target at TD Securities

NFI Group (TSE:NFI) had its price objective lowered by TD Securities from C$37.00 to C$34.00 in a report issued on Wednesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other equities analysts have also issued reports on NFI. National Bank Financial increased their price objective on NFI Group from C$41.00 to C$43.00 and gave the stock an outperform rating in a report on Wednesday, May 29th. BMO Capital Markets reissued a market perform rating and issued a C$36.00 price objective on shares of NFI Group in a report on Tuesday, June 18th. CIBC decreased their price objective on NFI Group from C$45.00 to C$41.00 in a report on Wednesday. Finally, Scotiabank reissued a buy rating and issued a C$50.00 price objective on shares of NFI Group in a report on Sunday, April 21st.

Shares of NFI stock opened at C$31.00 on Wednesday. NFI Group has a 12-month low of C$28.47 and a 12-month high of C$52.48. The company has a market cap of $2.01 billion and a price-to-earnings ratio of 13.25. The business has a 50 day simple moving average of C$36.46. The company has a debt-to-equity ratio of 103.69, a current ratio of 1.99 and a quick ratio of 0.87.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.60 by C($0.25). The company had revenue of C$753.87 million during the quarter, compared to analyst estimates of C$748.93 million. On average, sell-side analysts forecast that NFI Group will post 2.7499999 EPS for the current fiscal year.

In other news, Director Larry Dean Edwards purchased 5,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was purchased at an average cost of C$33.51 per share, with a total value of C$167,574.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately C$335,148.

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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