National Bank Sticks to Their Buy Rating for NFI Group Inc (NFI)
In a report released yesterday, from National Bank maintained a Buy rating on NFI Group Inc, with a price target of C$26.00. The company’s shares closed yesterday at C$20.52.
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Currently, the analyst consensus on NFI Group Inc is a Strong Buy with an average price target of C$25.64, representing a 24.95% upside. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a C$26.00 price target.
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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- NFI Group price target raised to C$26 from C$25 at TD Securities
- NFI Group price target raised to C$25 from C$24.50 at Scotiabank
- NFI Group price target raised to C$27 from C$24 at BMO Capital
- NFI Group price target raised to C$25.50 from C$23 at Stifel
- NFI Group price target raised to C$24.50 from C$22 at Scotiabank
