NFI Group (NFI) Price Target Cut to C$39.00 by Analysts at BMO Capital Markets

NFI Group (TSE:NFI) had its price target dropped by stock analysts at BMO Capital Markets from C$44.00 to C$39.00 in a report released on Wednesday. BMO Capital Markets’ price objective would suggest a potential upside of 2.20% from the company’s current price.

A number of other research firms have also recently commented on NFI. CIBC reduced their target price on shares of NFI Group from C$66.00 to C$62.00 in a research report on Tuesday, October 16th. TD Securities reduced their target price on shares of NFI Group from C$60.00 to C$51.00 in a research report on Thursday, November 8th. Finally, National Bank Financial boosted their target price on shares of NFI Group from C$49.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$54.40.

NFI opened at C$38.16 on Wednesday. The company has a debt-to-equity ratio of 79.33, a quick ratio of 0.98 and a current ratio of 1.95. NFI Group has a 52-week low of C$35.89 and a 52-week high of C$61.25.

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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