NFI Group Inc (NFI) Receives a Buy from CIBC

By Jason Carr

A Wall Street analyst has provided a review for the Conglomerates company yesterday, but retained the same rating on the stock. CIBC’s analyst Kevin Chiang reiterates their Buy rating on the shares of NFI Group Inc (NFIResearch Report), with a C$40.00 price target.

Chiang has an average return of 20.9% when recommending NFI Group Inc.

According to TipRanks.com, Chiang is ranked #345 out of 5539 analysts.

NFI Group Inc has an analyst consensus of Strong Buy, with a price target consensus of C$41.20.

Based on NFI Group Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$11.38 million. In comparison, last year the company had a net profit of C$48.4 million.

NFI Group, Inc. engages in the manufacture of bus and motor coach and parts distribution. It operates through the Manufacturing Operations and Aftermarket Operations segments.

The company’s shares closed last Wednesday at C$27.85, close to its 52-week low of C$24.89.