FY2024 EPS Estimates for NFI Group Lowered by Stifel Canada

NFI Group Inc. (TSE:NFI) – Investment analysts at Stifel Canada cut their FY2024 EPS estimates for NFI Group in a report issued on Sunday, November 10th. Stifel Canada analyst D. Young now anticipates that the company will earn ($0.13) per share for the year, down from their previous 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 analysts also recently issued reports on the company. Cibc World Mkts upgraded NFI Group from a “strong sell” rating to a “hold” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted their target price on shares of NFI Group from C$18.00 to C$23.00 in a research report on Tuesday, August 6th. BMO Capital Markets cut shares of NFI Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 31st. CIBC lowered their price objective on shares of NFI Group from C$19.50 to C$18.50 in a research report on Friday, November 8th. Finally, ATB Capital upped their target price on shares of NFI Group from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$21.70.

NFI Group Price Performance

TSE:NFI opened at C$15.47 on Wednesday. The firm has a market capitalization of C$1.84 billion, a price-to-earnings ratio of -35.11, a P/E/G 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. The stock has a fifty day moving average of C$17.60 and a 200 day moving average of C$16.66. NFI Group has a 52-week low of C$10.89 and a 52-week 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.