NFI Group (TSE:NFI) Stock Passes Below 200 Day Moving Average – Here’s Why

NFI Group Inc. (TSE:NFI)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.30 and traded as low as C$16.11. NFI Group shares last traded at C$16.31, with a volume of 236,120 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. National Bankshares boosted their target price on NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Cibc World Mkts raised shares of NFI Group from a “strong sell” rating to a “hold” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted their target price on shares of NFI Group from C$18.00 to C$23.00 in a report on Tuesday, August 6th. BMO Capital Markets increased their price target on NFI Group from C$15.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, CIBC upgraded NFI Group from an “underperform” rating to a “neutral” rating and increased their target price for the company from C$12.50 to C$20.00 in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, NFI Group has an average rating of “Moderate Buy” and an average price target of C$22.00.

NFI Group Stock Performance

The company has a market capitalization of C$1.89 billion, a price-to-earnings ratio of -36.02, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.74, a quick ratio of 0.55 and a debt-to-equity ratio of 164.92. The stock has a 50-day simple moving average of C$18.17 and a 200-day simple moving average of C$16.37.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.04 EPS for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.02. The firm had revenue of C$1.16 billion for the quarter, compared to the consensus estimate of C$1.15 billion. NFI Group had a negative net margin of 1.59% and a negative return on equity of 8.17%. On average, analysts anticipate that NFI Group Inc. will post 1.2814107 earnings per share for the current year.

Insider Transactions at NFI Group

In other news, Senior Officer Jason Michael Pellaers sold 2,145 shares of NFI Group stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$18.78, for a total value of C$40,283.10. Corporate insiders own 0.62% of the company’s stock.

NFI Group Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.