NFI Group’s (NFI) “Hold” Rating Reiterated at BMO Capital Markets

NFI Group (TSE:NFI)‘s stock had its “hold” rating reaffirmed by research analysts at BMO Capital Markets in a research report issued on Wednesday. They currently have a C$44.00 target price on the stock. BMO Capital Markets’ price objective indicates a potential upside of 12.56% from the company’s current price.

Several other brokerages have also issued reports on NFI. National Bank Financial cut their target price on shares of NFI Group from C$62.00 to C$59.00 and set an “outperform” rating for the company in a research report on Tuesday, October 16th. TD Securities cut their target price on shares of NFI Group from C$66.00 to C$60.00 and set a “buy” rating for the company in a research report on Wednesday, October 17th. Finally, CIBC cut their target price on shares of NFI Group from C$66.00 to C$62.00 in a research report on Tuesday, October 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. NFI Group has an average rating of “Buy” and a consensus price target of C$58.20.

TSE NFI traded down C$5.91 during trading hours on Wednesday, hitting C$39.09. 1,019,275 shares of the company’s stock traded hands, compared to its average volume of 203,301. NFI Group has a 52 week low of C$38.59 and a 52 week high of C$61.25.

NFI Group (TSE:NFI) last announced its earnings results on Tuesday, August 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.98 by C$0.05. The business had revenue of C$868.62 million for the quarter, compared to the consensus estimate of C$866.11 million.

About NFI Group

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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Analyst Recommendations for NFI Group (TSE:NFI)

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