National Bank Financial Expects Lower Earnings for NFI Group

NFI Group Inc. (TSE:NFI - Free Report) - Investment analysts at National Bank Financial dropped their FY2024 earnings estimates for shares of NFI Group in a report released on Tuesday, February 4th. National Bank Financial analyst C. Doerksen now anticipates that the company will earn ($0.15) per share for the year, down from their prior forecast of ($0.10). The consensus estimate for NFI Group's current full-year earnings is $1.28 per share. National Bank Financial also issued estimates for NFI Group's FY2026 earnings at $1.62 EPS.

Several other research firms have also recently issued reports on NFI. Cibc World Mkts raised NFI Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 4th. BMO Capital Markets downgraded shares of NFI Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, CIBC raised their target price on shares of NFI Group from C$18.50 to C$21.00 in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NFI Group presently has a consensus rating of "Moderate Buy" and an average target price of C$22.20.

NFI Group Trading Up 2.3 %

Shares of TSE NFI traded up C$0.24 during trading hours on Friday, hitting C$10.85. The company's stock had a trading volume of 233,547 shares, compared to its average volume of 298,311. NFI Group has a 12 month low of C$10.49 and a 12 month high of C$19.55. The company has a debt-to-equity ratio of 164.92, a quick ratio of 0.55 and a current ratio of 1.74. The business has a 50-day simple moving average of C$13.44 and a 200-day simple moving average of C$16.05. The stock has a market cap of C$1.29 billion, a price-to-earnings ratio of -24.66, a P/E/G ratio of -0.07 and a beta of 1.41.

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.