NFI Group (NFI) Rating Reiterated by Scotiabank

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NFI Group (TSE:NFI)‘s stock had its “buy” rating reissued by equities research analysts at Scotiabank in a report released on Sunday, AnalystRatings.com reports. They currently have a C$50.00 price target on the stock. Scotiabank’s target price points to a potential upside of 56.10% from the company’s previous close.

Several other research firms have also recently commented on NFI. BMO Capital Markets lowered their target price on shares of NFI Group from C$39.00 to C$37.00 and set a “buy” rating on the stock in a research note on Wednesday, January 16th. CIBC lowered their target price on shares of NFI Group from C$50.00 to C$48.00 in a research note on Wednesday, January 2nd. TD Securities lowered their target price on shares of NFI Group from C$51.00 to C$46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 16th. Finally, National Bank Financial lowered their target price on shares of NFI Group from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th.

NFI stock opened at C$32.03 on Friday. The company has a debt-to-equity ratio of 83.57, a quick ratio of 0.96 and a current ratio of 1.94. NFI Group has a fifty-two week low of C$28.47 and a fifty-two week high of C$59.96. The stock has a market capitalization of $1.94 billion and a P/E ratio of 12.59.

In other news, Director Vincent James Sardo sold 2,000 shares of NFI Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$32.40, for a total value of C$64,800.00. Following the transaction, the director now owns 14,638 shares of the company’s stock, valued at approximately C$474,271.20.

NFI Group Company Profile

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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