NFI Group (TSE:NFI) Given New C$23.00 Price Target at BMO Capital Markets

NFI Group (TSE:NFI) had its target price raised by BMO Capital Markets from C$15.00 to C$23.00 in a report published on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on NFI. National Bankshares increased their price target on shares of NFI Group from C$19.00 to C$21.00 and gave the company an outperform rating in a research report on Friday, June 28th. ATB Capital raised their target price on shares of NFI Group from C$17.00 to C$18.00 and gave the stock an outperform rating in a report on Monday, May 6th. Stifel Canada upgraded shares of NFI Group from a hold rating to a buy rating in a report on Monday, May 6th. Stifel Nicolaus upgraded shares of NFI Group from a hold rating to a buy rating and raised their target price for the stock from C$15.00 to C$18.00 in a report on Monday, May 6th. Finally, CIBC raised their target price on shares of NFI Group from C$12.00 to C$12.50 and gave the stock an underperform rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, NFI Group presently has an average rating of Moderate Buy and a consensus target price of C$21.00.

NFI Group Trading Down 1.2 %

Shares of NFI Group stock opened at C$18.85 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.55 and a debt-to-equity ratio of 165.99. The company’s 50-day moving average price is C$16.24 and its 200-day moving average price is C$13.79. The company has a market cap of C$2.24 billion, a price-to-earnings ratio of -14.39, a PEG ratio of -0.07 and a beta of 1.38. NFI Group has a 12-month low of C$10.85 and a 12-month high of C$19.30.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.18) earnings per share for the quarter, hitting the consensus estimate of C($0.18). The company had revenue of C$974.37 million for the quarter, compared to analysts’ expectations of C$955.13 million. NFI Group had a negative net margin of 3.45% and a negative return on equity of 16.18%. On average, equities analysts expect that NFI Group will post 0.2184143 earnings per share for the current fiscal 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.