FY2027 Earnings Estimate for NFI Group Issued By Scotiabank

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

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of NFI Group from C$26.00 to C$31.00 and gave the company a “buy” rating in a research report on Monday, August 10th. National Bank Financial raised their target price on shares of NFI Group from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce lifted their price target on shares of NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. ATB Cormark Capital Markets upped their price target on shares of NFI Group from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, BMO Capital Markets upped their price target on shares of 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 assigned a Buy rating to the company’s stock. According to MarketBeat.com, NFI Group currently has an average rating of “Buy” and an average price target of C$30.50.

NFI Group Stock Performance

TSE:NFI opened at C$22.29 on Monday. The firm has a market capitalization of C$2.65 billion, a PE ratio of 49.18, a PEG ratio of -0.07 and a beta of 0.16. The stock’s fifty day moving average is C$24.33 and its 200 day moving average is C$21.33. 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 debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18.

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

Insiders Place Their Bets

In other NFI Group news, insider Stephen King bought 1,050 shares of NFI Group stock in a transaction on Thursday, June 25th. The shares were acquired at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the completion of the purchase, the insider directly owned 5,512 shares in the company, valued at approximately C$131,461.20. This trade represents a 23.53% increase in their position. Also, Director John Christopher Sapp bought 1,900 shares of NFI Group stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of C$24.88 per share, for a total transaction of C$47,272.00. Following the purchase, the director owned 27,243 shares of the company’s stock, valued at approximately C$677,805.84. This trade represents a 7.50% increase in their ownership of the stock. In the last 90 days, insiders have purchased 4,795 shares of company stock valued at $119,805. 0.62% of the stock is owned by company insiders.

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¿.