NFI Group Inc (TSE:NFI) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $28.71 and traded as high as $28.04. NFI Group shares last traded at $27.76, with a volume of 76,365 shares.
NFI has been the subject of several research analyst reports. National Bank Financial cut their price objective on NFI Group from C$39.00 to C$37.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. TD Securities cut their price objective on NFI Group from C$34.00 to C$30.00 and set a “hold” rating for the company in a research report on Friday, August 16th. BMO Capital Markets cut their price objective on NFI Group from C$33.00 to C$30.00 in a research report on Thursday, August 15th. Finally, CIBC cut their price objective on NFI Group from C$41.00 to C$40.00 in a research report on Thursday, October 10th.
The firm has a fifty day simple moving average of C$28.67 and a 200 day simple moving average of C$31.74. The company has a current ratio of 1.87, a quick ratio of 0.72 and a debt-to-equity ratio of 159.36. The stock has a market cap of $1.71 billion and a price-to-earnings ratio of 16.36.
NFI Group (TSE:NFI) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.57 EPS for the quarter, missing the consensus estimate of C$0.64 by C($0.07). The business had revenue of C$914.17 million during the quarter, compared to analysts’ expectations of C$882.24 million. On average, equities analysts expect that NFI Group Inc will post 2.5204433 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a $0.425 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.70 annualized dividend and a yield of 6.19%. NFI Group’s dividend payout ratio (DPR) is 71.88%.
In related news, Director Larry Dean Edwards acquired 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of C$25.15 per share, for a total transaction of C$251,460.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately C$502,920. Also, Director Phyllis Elaine Cochran acquired 1,000 shares of the stock in a transaction dated Monday, August 26th. The stock was bought at an average price of C$28.35 per share, for a total transaction of C$28,350.00. Following the completion of the purchase, the director now owns 5,123 shares in the company, valued at approximately C$145,237.05. In the last ninety days, insiders acquired 130,500 shares of company stock valued at $3,526,083.
NFI Group Company Profile (TSE:NFI)
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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