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TD Cowen upgrades NFI Group Inc (NFI) to a Buy

Tipranks - Tipranks - Sun Feb 1, 11:12PM CST

NFI Group Inc received a Buy rating and price target from TD Cowen analyst on January 30. The company’s shares closed last Friday at C$16.54.

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In addition to TD Cowen, NFI Group Inc also received a Buy from Scotiabank’s Jonathan Goldman in a report issued on January 29. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on NFI Group Inc (TSX: NFI).

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Based on NFI Group Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$868.87 million and a GAAP net loss of C$139 million. In comparison, last year the company earned a revenue of C$711.34 million and had a GAAP net loss of C$14.99 million

Based on the recent corporate insider activity of 22 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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