NFI Group Inc. (TSE:NFI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NFI Group Inc. (TSE:NFI) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Two equities 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. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$22.20.

NFI has been the topic of a number of recent research reports. Cibc World Mkts upgraded NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. BMO Capital Markets lowered NFI Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, CIBC raised their price objective on NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th.

NFI Group Price Performance

Shares of TSE NFI opened at C$10.07 on Friday. The business’s 50 day moving average is C$13.21 and its 200-day moving average is C$15.92. NFI Group has a 1-year low of C$9.91 and a 1-year high of C$19.55. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm has a market cap of C$834.62 million, a P/E ratio of -34.50, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41.

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.