NFI Group Inc (NFI – Research Report), the Industrial Goods sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Cameron Doerksen from National Bank reiterated a Buy rating, with a C$15.00 price target.
According to TipRanks.com, Doerksen is a 4-star analyst with an average return of 9.7% and a 54.2% success rate. Doerksen covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, TFI International, and Canadian Pacific.
NFI Group Inc has an analyst consensus of Hold, with a price target consensus of C$12.88.
Based on NFI Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$660 million and GAAP net loss of C$48.1 million. In comparison, last year the company earned revenue of C$398 million and had a GAAP net loss of C$56.74 million.
NFI Group Inc is a Canadian automobile manufacturer. The company organises itself into two segments: manufacturing operations, and aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches. Aftermarket operations includes spare parts and servicing related to transit buses and motor coaches.
The company’s shares closed last Monday at C$11.97.
Read More on TSE:NFI:
- NFI Confirms the Successful Completion of Its Comprehensive Refinancing Plan
- NFI Completing Comprehensive Refinancing Plan
- NFI Announces Second Quarter 2023 Results and Update on Comprehensive Refinancing Plan
- NFI Group (NFI) Q2 Earnings Cheat Sheet
- NFI Group Inc. announces delivery of the 1,500th electric bus from the BYD–Alexander Dennis partnership
