NFI Group (NFI) Price Target Cut to C$61.00 by Analysts at CIBC

NFI Group (TSE:NFI) had its price objective decreased by equities researchers at CIBC from C$62.00 to C$61.00 in a report issued on Thursday, November 8th. CIBC’s target price points to a potential upside of 63.28% from the stock’s previous close.

NFI has been the subject of a number of other reports. BMO Capital Markets reaffirmed a “hold” rating and issued a C$44.00 price target on shares of NFI Group in a research note on Wednesday, November 7th. TD Securities lowered their target price on NFI Group from C$66.00 to C$60.00 and set a “buy” rating for the company in a research note on Wednesday, October 17th. Finally, National Bank Financial lowered their target price on NFI Group from C$62.00 to C$59.00 and set an “outperform” rating for the company in a research note on Tuesday, October 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$54.40.

TSE:NFI traded down C$0.44 on Thursday, hitting C$37.36. 448,322 shares of the stock were exchanged, compared to its average volume of 214,746. NFI Group has a 52 week low of C$35.89 and a 52 week high of C$61.25. The company has a debt-to-equity ratio of 79.33, a current ratio of 1.95 and a quick ratio of 0.98.

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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