NFI Group (TSE:NFI) had its price target boosted by equities research analysts at National Bank Financial from C$49.00 to C$55.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 33.30% from the company’s previous close. National Bank Financial also issued estimates for NFI Group’s FY2018 earnings at $3.54 EPS and FY2019 earnings at $3.88 EPS.
A number of other research analysts also recently commented on the stock. TD Securities cut their target price on shares of NFI Group from C$60.00 to C$51.00 in a research report on Thursday. CIBC cut their price objective on shares of NFI Group from C$62.00 to C$61.00 in a research report on Thursday. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a C$44.00 price objective on shares of NFI Group in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$55.40.
TSE NFI opened at C$41.26 on Thursday. The company has a debt-to-equity ratio of 78.47, a current ratio of 2.00 and a quick ratio of 1.00. NFI Group has a one year low of C$38.59 and a one year high of C$61.25.
NFI Group (TSE:NFI) last posted its earnings results on Tuesday, August 7th. The company reported C$1.03 EPS for the quarter, beating analysts’ consensus estimates of C$0.98 by C$0.05. The business had revenue of C$868.62 million for the quarter, compared to analysts’ expectations of C$866.11 million. Equities analysts expect that NFI Group will post 2.87096562784877 earnings per share for the current fiscal year.
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.
Further Reading: Fundamental Analysis and Individual Investors
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