NFI Group (TSE:NFI) Price Target Cut to C$39.00 by Analysts at National Bank Financial

NFI Group (TSE:NFI) had its target price lowered by National Bank Financial from C$43.00 to C$39.00 in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for NFI Group’s Q2 2019 earnings at $0.55 EPS, FY2019 earnings at $2.83 EPS and FY2020 earnings at $3.29 EPS.

Other research analysts have also issued research reports about the stock. CIBC decreased their target price on shares of NFI Group from C$45.00 to C$41.00 in a research report on Wednesday. TD Securities lowered shares of Turquoise Hill Resources from a buy rating to a speculative buy rating and decreased their target price for the stock from C$4.00 to C$2.25 in a research report on Wednesday. BMO Capital Markets decreased their target price on shares of Wells Fargo & Co to $59.00 and set a market perform rating on the stock in a research report on Wednesday. Finally, Scotiabank restated a buy rating and set a C$50.00 target price on shares of NFI Group in a research report on Sunday, April 21st.

NFI Group stock opened at C$31.00 on Wednesday. The company has a market cap of $2.01 billion and a PE ratio of 13.25. The company has a debt-to-equity ratio of 103.69, a quick ratio of 0.87 and a current ratio of 1.99. NFI Group has a twelve month low of C$28.47 and a twelve month high of C$52.48. The firm has a 50-day moving average of C$36.46.

NFI Group (TSE:NFI) last announced its earnings results on Wednesday, May 8th. The company reported C$0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.60 by C($0.25). The business had revenue of C$753.87 million for the quarter, compared to analysts’ expectations of C$748.93 million. As a group, equities analysts forecast that NFI Group will post 2.7499999 EPS for the current year.

In other NFI Group news, Director Larry Dean Edwards bought 5,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were purchased at an average price of C$33.51 per share, for a total transaction of C$167,574.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately C$335,148.

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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