NFI Group Inc. (TSE:NFI) Senior Executive Steven Allan Young Buys 1,500 Shares

NFI Group Inc. (TSE: NFI – Get a rating) Senior officer Steven Allan Young purchased 1,500 shares of NFI Group in a trade dated Saturday, June 25. The shares were purchased at an average price of CA$12.47 per share, for a total value of CA$18,709.05. Following the completion of the transaction, the insider now owns 5,125 shares of the company, valued at approximately C$63,922.59.

NFI Group shares were up C$0.66 during Tuesday’s trading, hitting C$13.07. 96,787 shares of the company were traded, against an average volume of 401,363. The company has a quick ratio of 0.77, a current ratio of 1.90 and a leverage ratio of 123.25. NFI Group Inc. has a fifty-two week minimum of C$10.39 and a fifty-two week maximum of C$31.80. The stock has a market cap of C$1.01 billion and a price-earnings ratio of -14.09. The company has a 50-day moving average price of CA$12.97 and a 200-day moving average price of CA$16.24.

NFI Group (TSE: NFI – Get a rating) last released its quarterly earnings data on Thursday, May 5. The company reported earnings per share (EPS) of C ($0.68) for the quarter, missing the consensus estimate of C ($0.59) by C ($0.09). The company posted revenue of C$581.43 million in the quarter, compared to analysts’ expectations of C$631.13 million. Analysts predict that NFI Group Inc. will post 0.67 earnings per share for the current year.

A number of equity research analysts have recently released reports on the stock. National Bankshares downgraded NFI Group shares from an “outperforming” rating to an “sector outperforming” rating and lowered its price target for the company from CA$19.00 to CA$14.00 in a Monday, May 2 research report. TD Securities cut its price target on NFI Group shares from C$18.00 to C$13.50 and set a “hold” rating for the company in a Monday, May 2 research report. National Bank Financial downgraded the rating of NFI Group shares from an “outperforming overweight” rating to an “overweight sector performance overweight” rating in a Friday, April 29 research report. BMO Capital Markets cut its price target on NFI Group shares from C$15.50 to C$13.00 in a Monday, May 2 research report. Finally, Scotiabank reduced its price target on the NFI group from C$22.00 to C$18.00 in a Monday, May 2 research report. One financial analyst gave the stock a sell rating, four gave the company a hold rating and three gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$15.83.

NFI Group Company Profile (Get a rating)

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, Asia-Pacific and internationally. It operates through two segments, manufacturing operations and aftermarket operations. The company offers heavy-duty transit buses under the New Flyer name; single- and double-decker buses under the Alexander Dennis Limited brand; coaches under the Plaxton and MCI brands; cutaway and medium-duty low-floor buses under the ARBOC brand; and spare parts under the NFI Parts brand, as well as articulated buses.

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