NFI Group (TSE:NFI) Stock Crosses Below 50-Day Moving Average of $34.77

NFI Group Inc (TSE:NFI)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $34.77 and traded as low as $37.00. NFI Group shares last traded at $37.29, with a volume of 70,407 shares traded.

Several research analysts recently issued reports on the company. CIBC lifted their price objective on NFI Group from C$43.00 to C$45.00 in a research report on Wednesday, May 29th. Scotiabank restated a “buy” rating and set a C$50.00 price objective on shares of NFI Group in a research report on Sunday, April 21st. BMO Capital Markets lifted their price objective on NFI Group from C$33.00 to C$36.00 in a research report on Wednesday, May 29th. National Bank Financial cut their price objective on NFI Group from C$46.00 to C$44.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Finally, TD Securities lifted their price objective on NFI Group from C$35.00 to C$37.00 and gave the stock a “hold” rating in a research report on Wednesday, May 29th.

The stock has a market capitalization of $2.30 billion and a PE ratio of 15.77. The company has a debt-to-equity ratio of 103.69, a current ratio of 1.99 and a quick ratio of 0.87. The stock has a 50 day moving average of C$34.97.

NFI Group (TSE:NFI) last released its earnings results on Wednesday, May 8th. The company reported C$0.35 EPS for the quarter, missing the Thomson Reuters’ 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, sell-side analysts forecast that NFI Group Inc will post 2.8599999 EPS for the current fiscal year.

In other news, Director Larry Dean Edwards bought 5,000 shares of the stock in a transaction on Friday, May 31st. The stock was purchased at an average cost of C$33.51 per share, with a total value of C$167,574.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at C$335,148.

NFI Group Company Profile (TSE:NFI)

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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