Stifel Canada Forecasts Reduced Earnings for NFI Group

NFI Group Inc. (TSE:NFI) – Analysts at Stifel Canada decreased their FY2024 earnings per share (EPS) estimates for shares of NFI Group in a research report issued on Sunday, November 10th. Stifel Canada analyst D. Young now forecasts that the company will earn ($0.13) per share for the year, down from their prior estimate 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.

A number of other equities research analysts have also recently commented on the company. CIBC lowered their target price on NFI Group from C$19.50 to C$18.50 in a report on Friday, November 8th. Cibc World Mkts upgraded NFI Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 2nd. ATB Capital raised their price objective on NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Stifel Nicolaus raised their price objective on NFI Group from C$18.00 to C$23.00 in a report on Tuesday, August 6th. Finally, National Bankshares raised their price objective on NFI Group from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, NFI Group presently has an average rating of “Moderate Buy” and a consensus target price of C$21.70.

NFI Group Price Performance

Shares of TSE:NFI opened at C$15.45 on Wednesday. The business’s fifty day moving average price is C$17.60 and its two-hundred day moving average price is C$16.66. The stock has a market cap 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. The company has a debt-to-equity ratio of 164.92, a quick ratio of 0.55 and a current ratio of 1.74. NFI Group has a one year low of C$10.89 and a one year high of C$19.55.

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.