NFI Group Inc (TSE:NFI) – Equities research analysts at National Bank Financial issued their Q2 2019 earnings per share estimates for NFI Group in a research note issued on Tuesday, May 28th, Zacks Investment Research reports. National Bank Financial analyst C. Doerksen forecasts that the company will post earnings of $0.74 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $43.00 price objective on the stock. National Bank Financial also issued estimates for NFI Group’s FY2019 earnings at $3.19 EPS and FY2020 earnings at $3.51 EPS.
NFI has been the subject of a number of other research reports. TD Securities lowered shares of NFI Group from a “buy” rating to a “hold” rating and cut their target price for the stock from C$46.00 to C$35.00 in a research report on Friday, March 15th. CIBC cut their target price on shares of NFI Group from C$47.00 to C$45.00 in a research report on Friday, March 15th. BMO Capital Markets increased their target price on shares of NFI Group from C$33.00 to C$36.00 in a research report on Wednesday, May 29th. Finally, Scotiabank reiterated a “buy” rating and set a C$50.00 target price on shares of NFI Group in a research report on Sunday, April 21st.
TSE NFI traded up C$0.24 during trading hours on Friday, reaching C$37.90. 144,600 shares of the company were exchanged, compared to its average volume of 318,857. The company has a debt-to-equity ratio of 103.69, a quick ratio of 0.87 and a current ratio of 1.99. The company has a market capitalization of $2.36 billion and a PE ratio of 16.20. NFI Group has a 1 year low of C$28.47 and a 1 year high of C$52.48.
NFI Group (TSE:NFI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.60 by C($0.25). The company had revenue of C$753.87 million for the quarter, compared to analyst estimates of C$748.93 million.
In related news, Director Larry Dean Edwards bought 5,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of C$33.51 per share, for a total transaction of C$167,574.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately C$335,148. Also, Director Vincent James Sardo sold 2,000 shares of NFI Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$32.40, for a total transaction of C$64,800.00. Following the sale, the director now owns 14,638 shares of the company’s stock, valued at C$474,271.20.
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.