NFI Group (NFI) Given New C$44.00 Price Target at CIBC

NFI Group (TSE:NFI) had its target price trimmed by CIBC from C$45.00 to C$44.00 in a report published on Tuesday morning, BayStreet.CA reports.

A number of other research analysts have also recently commented on the stock. BMO Capital Markets cut their price target on shares of NFI Group from C$39.00 to C$37.00 and set a buy rating on the stock in a report on Wednesday, January 16th. TD Securities cut their price target on shares of NFI Group from C$51.00 to C$46.00 and set a buy rating on the stock in a report on Wednesday, January 16th. Finally, National Bank Financial cut their price target on shares of NFI Group from C$46.00 to C$44.00 and set an outperform rating on the stock in a report on Friday, March 15th.

TSE NFI opened at C$32.07 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 0.96 and a debt-to-equity ratio of 83.57. The stock has a market capitalization of $2.03 billion and a PE ratio of 12.60. NFI Group has a 12 month low of C$28.47 and a 12 month high of C$59.96.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.425 dividend. The ex-dividend date was Thursday, March 28th. This is a positive change from NFI Group’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 5.30%. NFI Group’s dividend payout ratio is 43.31%.

In related news, Director Vincent James Sardo sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$32.40, for a total value of C$64,800.00. Following the completion of the sale, the director now directly owns 14,638 shares of the company’s stock, valued at C$474,271.20.

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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