NFI Group (TSE:NFI) Stock Price Expected to Rise, ATB Capital Analyst Says

NFI Group (TSE:NFI) had its price target increased by equities researchers at ATB Capital from C$22.00 to C$24.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s target price indicates a potential upside of 107.79% from the company’s previous close.

Several other analysts have also recently commented on NFI. CIBC raised their target price on shares of NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. Cibc World Mkts raised NFI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$22.60.

NFI Group Stock Performance

Shares of TSE:NFI traded up C$0.31 during trading on Thursday, reaching C$11.55. The company had a trading volume of 209,402 shares, compared to its average volume of 350,419. The company has a debt-to-equity ratio of 171.59, a current ratio of 1.71 and a quick ratio of 0.55. The stock’s fifty day moving average price is C$12.45 and its 200 day moving average price is C$15.24. NFI Group has a fifty-two week low of C$9.91 and a fifty-two week high of C$19.55. The firm has a market capitalization of C$957.28 million, a price-to-earnings ratio of -39.57, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.