FY2024 EPS Estimates for NFI Group Reduced by Stifel Canada

NFI Group Inc. (TSE:NFI) – Investment analysts at Stifel Canada cut their FY2024 earnings per share (EPS) estimates for shares of NFI Group in a research note issued 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.

Several other analysts also recently issued reports on NFI. Cibc World Mkts raised shares of NFI Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 2nd. Stifel Nicolaus raised their price target on shares of NFI Group from C$18.00 to C$23.00 in a report on Tuesday, August 6th. BMO Capital Markets downgraded NFI Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. CIBC reduced their price target on NFI Group from C$19.50 to C$18.50 in a report on Friday, November 8th. Finally, ATB Capital lifted their price target on NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, NFI Group presently has an average rating of “Moderate Buy” and an average price target of C$21.70.

NFI Group Price Performance

NFI Group stock opened at C$15.35 on Wednesday. NFI Group has a 52-week low of C$10.89 and a 52-week high of C$19.55. The company has a quick ratio of 0.55, a current ratio of 1.74 and a debt-to-equity ratio of 164.92. The firm’s fifty day moving average is C$17.74 and its 200 day moving average is C$16.61. The company has a market cap of C$1.83 billion, a price-to-earnings ratio of -35.20, a PEG 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.