NFI Group (TSE:NFI) Shares Up 19.2% – Should You Buy?

Shares of NFI Group Inc. (TSE:NFI) shot up 19.2% on Friday . The stock traded as high as C$13.49 and last traded at C$13.24. 234,166 shares were traded during trading, a decline of 36% from the average session volume of 363,170 shares. The stock had previously closed at C$11.11.

Analyst Ratings Changes

Several research firms have recently weighed in on NFI. BMO Capital Markets cut their price target on NFI Group from C$14.00 to C$13.00 in a research note on Friday. CIBC raised their target price on NFI Group from C$18.50 to C$21.00 in a research note on Wednesday, December 4th. ATB Capital raised their target price on NFI Group from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Finally, Cibc World Mkts upgraded NFI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$20.60.

NFI Group Trading Up 20.8 %

The firm has a fifty day simple moving average of C$12.08 and a two-hundred day simple moving average of C$14.86. The stock has a market cap of C$1.11 billion, a PE ratio of -45.97, a PEG ratio of -0.07 and a beta of 1.41. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59.

NFI Group Company Profile

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.