NFI Group (NFI) Stock Rating Lowered by TD Securities

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NFI Group (TSE:NFI) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. They presently have a C$35.00 target price on the stock, down from their prior target price of C$46.00. TD Securities’ target price suggests a potential upside of 14.38% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. CIBC decreased their target price on NFI Group from C$50.00 to C$48.00 in a report on Wednesday, January 2nd. BMO Capital Markets decreased their target price on NFI Group from C$44.00 to C$39.00 in a report on Wednesday, November 21st. Finally, National Bank Financial decreased their target price on NFI Group from C$46.00 to C$44.00 and set an “outperform” rating for the company in a report on Friday.

Shares of NFI stock traded down C$0.14 during trading hours on Friday, reaching C$30.60. 565,259 shares of the company’s stock were exchanged, compared to its average volume of 366,425. NFI Group has a 1 year low of C$28.47 and a 1 year high of C$61.25. The firm has a market capitalization of $1.92 billion and a price-to-earnings ratio of 9.99. The company has a debt-to-equity ratio of 79.33, a quick ratio of 0.98 and a current ratio of 1.95.

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

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.

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