Stifel Canada Decreases Earnings Estimates for NFI Group

NFI Group Inc. (TSE:NFI) – Analysts at Stifel Canada lowered their FY2024 earnings per share (EPS) estimates for NFI Group in a research report issued to clients and investors on Sunday, November 10th. Stifel Canada analyst D. Young now forecasts that the company will post earnings per share of ($0.13) for the year, down from their previous forecast of $0.19. The consensus estimate for NFI Group’s current full-year earnings is $1.28 per share. Stifel Canada also issued estimates for NFI Group’s Q4 2024 earnings at $0.07 EPS.

Other research analysts have also issued reports about the company. Cibc World Mkts raised NFI Group from a “strong sell” rating to a “hold” rating in a research report on Friday, August 2nd. National Bankshares lifted their target price on NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted their target price on NFI Group from C$18.00 to C$23.00 in a research report on Tuesday, August 6th. CIBC dropped their target price on NFI Group from C$19.50 to C$18.50 in a research report on Friday, November 8th. Finally, BMO Capital Markets lowered NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, NFI Group presently has an average rating of “Moderate Buy” and an average price target of C$21.70.

NFI Group Trading Up 0.7 %

TSE:NFI opened at C$15.45 on Wednesday. The business’s 50-day moving average is C$17.60 and its two-hundred day moving average is C$16.66. The company has a debt-to-equity ratio of 164.92, a current ratio of 1.74 and a quick ratio of 0.55. NFI Group has a 12 month low of C$10.89 and a 12 month high of C$19.55. The firm has a market capitalization of C$1.84 billion, a PE ratio of -35.11, a price-to-earnings-growth ratio of -0.07 and a beta of 1.41.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.