Atb Cap Markets Research Analysts Lift Earnings Estimates for NFI Group Inc. (TSE:NFI)

NFI Group Inc. (TSE:NFI) – Atb Cap Markets increased their Q2 2024 earnings estimates for shares of NFI Group in a report released on Sunday, May 5th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of ($0.03) per share for the quarter, up from their previous estimate of ($0.08). The consensus estimate for NFI Group’s current full-year earnings is $0.23 per share. Atb Cap Markets also issued estimates for NFI Group’s Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $0.19 EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.19 EPS and FY2025 earnings at $1.26 EPS.

A number of other equities analysts have also commented on the stock. BMO Capital Markets lowered their price target on shares of NFI Group from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Stifel Canada upgraded shares of NFI Group from a “hold” rating to a “buy” rating in a research report on Monday. CIBC increased their price target on NFI Group from C$12.00 to C$12.50 and gave the stock an “underperform” rating in a research report on Tuesday. ATB Capital lifted their price objective on NFI Group from C$17.00 to C$18.00 and gave the company an “outperform” rating in a report on Monday. Finally, National Bankshares reduced their target price on NFI Group from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, NFI Group has an average rating of “Moderate Buy” and a consensus price target of C$19.33.

NFI Group Stock Performance

NFI opened at C$13.35 on Wednesday. The business has a fifty day simple moving average of C$11.95 and a 200 day simple moving average of C$12.72. The company has a market capitalization of C$1.59 billion, a PE ratio of -10.04, a price-to-earnings-growth ratio of -0.07 and a beta of 1.35. NFI Group has a 1 year low of C$8.35 and a 1 year high of C$14.55. The company has a debt-to-equity ratio of 163.50, a current ratio of 1.81 and a quick ratio of 0.55.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, February 29th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.28) by C$0.21. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. The company had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$1.21 billion.

Insiders Place Their Bets

In other NFI Group news, Director Richard Paul Davies purchased 2,570 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were bought at an average price of C$13.17 per share, for a total transaction of C$33,846.90. In related news, Director Colin Robertson purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of C$11.65 per share, with a total value of C$582,375.00. Also, Director Richard Paul Davies acquired 2,570 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average price of C$13.17 per share, with a total value of C$33,846.90. Insiders acquired 64,228 shares of company stock worth $734,754 over the last three months. Insiders own 0.65% of the company’s stock.

NFI Group Company Profile

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.