Scotiabank Issues Optimistic Forecast for NFI Group Earnings

NFI Group Inc. (TSE:NFI) – Stock analysts at Scotiabank lifted their FY2027 earnings estimates for shares of NFI Group in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $1.28 per share for the year, up from their previous estimate of $1.27. Scotiabank has a “Sector Outperform” rating and a $28.50 price objective on the stock. The consensus estimate for NFI Group’s current full-year earnings is $1.28 per share.

NFI Group (TSE:NFI) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 EPS for the quarter. NFI Group had a net margin of 1.55% and a return on equity of 10.42%. The company had revenue of C$1.46 billion during the quarter.

Several other research analysts have also recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of NFI Group from C$35.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, August 10th. National Bank Financial lifted their price objective on NFI Group from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday, August 10th. TD boosted their target price on NFI Group from C$26.00 to C$33.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets increased their target price on NFI Group from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, BMO Capital Markets raised their price target on NFI Group from C$27.00 to C$32.00 in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$30.50.

NFI Group Stock Down 0.2%

Shares of TSE:NFI opened at C$22.24 on Monday. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 196.71. The firm’s 50-day simple moving average is C$24.31 and its 200-day simple moving average is C$21.36. The company has a market cap of C$2.65 billion, a price-to-earnings ratio of 49.07, a PEG ratio of -0.07 and a beta of 0.16.

Insiders Place Their Bets

In related news, insider Stephen King purchased 1,050 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the acquisition, the insider directly owned 5,512 shares of the company’s stock, valued at C$131,461.20. This trade represents a 23.53% increase in their position. Also, Director John Christopher Sapp purchased 1,900 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of C$24.88 per share, with a total value of C$47,272.00. Following the acquisition, the director directly owned 27,243 shares in the company, valued at approximately C$677,805.84. This represents a 7.50% increase in their ownership of the stock. Over the last ninety days, insiders have bought 4,795 shares of company stock worth $119,805. Corporate insiders own 0.62% of the company’s stock.

NFI Group Company Profile

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.