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ATB Cormark Capital Markets Sticks to Its Buy Rating for NFI Group Inc (NFI)

Tipranks - Tipranks - Tue May 12, 7:40AM CDT

In a report released today, from ATB Cormark Capital Markets maintained a Buy rating on NFI Group Inc, with a price target of C$28.00.

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Currently, the analyst consensus on NFI Group Inc is a Strong Buy with an average price target of C$25.33.

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Based on NFI Group Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$828.18 million and a net profit of C$11.32 million. In comparison, last year the company earned a revenue of C$841.42 million and had a GAAP net loss of C$6.49 million

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NFI in relation to earlier this year.

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