CIBC Trims NFI Group (NFI) Target Price to C$61.00

NFI Group (TSE:NFI) had its target price dropped by research analysts at CIBC from C$62.00 to C$61.00 in a note issued to investors on Thursday. CIBC’s price objective would suggest a potential upside of 45.03% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets reiterated a “hold” rating and set a C$44.00 price objective on shares of NFI Group in a research report on Wednesday. National Bank Financial decreased their price objective on shares of NFI Group from C$62.00 to C$59.00 and set an “outperform” rating for the company in a research report on Tuesday, October 16th. Finally, TD Securities decreased their price objective on shares of NFI Group from C$66.00 to C$60.00 and set a “buy” rating for the company in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$55.40.

Shares of NFI traded up C$2.97 during trading hours on Thursday, hitting C$42.06. 490,710 shares of the stock were exchanged, compared to its average volume of 204,612. NFI Group has a fifty-two week low of C$38.59 and a fifty-two week high of C$61.25.

NFI Group (TSE:NFI) last posted its quarterly earnings data on Tuesday, August 7th. The company reported C$1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.98 by C$0.05. The firm had revenue of C$868.62 million for the quarter, compared to analyst estimates of C$866.11 million.

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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Analyst Recommendations for NFI Group (TSE:NFI)

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