NFI Group (NFI) PT Lowered to C$44.00

NFI Group (TSE:NFI) had its price objective lowered by National Bank Financial from C$46.00 to C$44.00 in a research report released on Friday morning. National Bank Financial currently has an outperform rating on the stock.

Several other research firms also recently issued reports on NFI. CIBC decreased their price objective on shares of NFI Group from C$61.00 to C$50.00 in a report on Tuesday, December 11th. BMO Capital Markets decreased their price objective on shares of NFI Group from C$44.00 to C$39.00 in a report on Wednesday, November 21st. Finally, TD Securities decreased their price objective on shares of NFI Group from C$51.00 to C$46.00 and set a buy rating on the stock in a report on Wednesday, January 16th.

NFI opened at C$30.81 on Friday. The company has a current ratio of 1.95, a quick ratio of 0.98 and a debt-to-equity ratio of 79.33. The firm has a market cap of $1.87 billion and a price-to-earnings ratio of 10.06. NFI Group has a 52-week low of C$28.47 and a 52-week high of C$61.25.

In other NFI Group news, insider Adam L. Gray bought 35,733 shares of NFI Group stock in a transaction dated Friday, December 21st. The stock was acquired at an average cost of C$32.46 per share, for a total transaction of C$1,159,893.18. Also, insider Vincent James Sardo sold 1,900 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of C$33.15, for a total transaction of C$62,985.00. Following the completion of the sale, the insider now owns 16,194 shares of the company’s stock, valued at C$536,831.10.

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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