CIBC Upgrades NFI Group (TSE:NFI) to “Neutral”

CIBC upgraded shares of NFI Group (TSE:NFI) from an underperform rating to a neutral rating in a research report released on Friday morning, BayStreet.CA reports. CIBC currently has C$20.00 price objective on the stock, up from their previous price objective of C$12.50.

NFI has been the subject of a number of other research reports. BMO Capital Markets raised their target price on NFI Group from C$15.00 to C$23.00 and gave the company an outperform rating in a research note on Friday. National Bankshares raised their target price on NFI Group from C$19.00 to C$21.00 and gave the company an outperform rating in a research note on Friday, June 28th. Stifel Nicolaus upgraded NFI Group from a hold rating to a buy rating and raised their target price for the company from C$15.00 to C$18.00 in a research note on Monday, May 6th. Stifel Canada upgraded NFI Group from a hold rating to a buy rating in a research note on Monday, May 6th. Finally, ATB Capital lifted their price objective on NFI Group from C$17.00 to C$18.00 and gave the company an outperform rating in a research note on Monday, May 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, NFI Group currently has a consensus rating of Moderate Buy and a consensus price target of C$21.00.

NFI Group Trading Down 1.2 %

NFI opened at C$18.85 on Friday. The stock has a market cap of C$2.24 billion, a PE ratio of -14.39, a PEG ratio of -0.07 and a beta of 1.38. The company has a quick ratio of 0.55, a current ratio of 1.81 and a debt-to-equity ratio of 165.99. The business has a 50 day moving average of C$16.24 and a 200-day moving average of C$13.79. NFI Group has a 52 week low of C$10.85 and a 52 week high of C$19.30.

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.