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NFI Group Inc (NFI) Receives a Buy from CIBC

Tipranks - Tipranks - Sat Mar 14, 2:10PM CDT

CIBC analyst Ty Collin maintained a Buy rating on NFI Group Inc today and set a price target of C$22.00.

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According to TipRanks, Collin is a 3-star analyst with an average return of 3.3% and a 76.47% success rate. Collin covers the Consumer Cyclical sector, focusing on stocks such as Linamar, Spin Master, and Magna International.

In addition to CIBC, NFI Group Inc also received a Buy from Stifel Nicolaus’s Daryl Young in a report issued yesterday. However, today, 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 December 31, the company reported a quarterly revenue of C$1.04 billion and a net profit of C$168.57 million. In comparison, last year the company earned a revenue of C$836.99 million and had a net profit of C$18.56 million

Based on the recent corporate insider activity of 21 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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