NFI Group FY2024 EPS Forecast Decreased by Stifel Canada

NFI Group Inc. (TSE:NFI) – Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for NFI Group in a note issued to investors on Sunday, November 10th. Stifel Canada analyst D. Young now forecasts that the company will post earnings of ($0.13) per share for the year, down from their prior 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.

A number of other brokerages also recently weighed in on NFI. Cibc World Mkts upgraded NFI Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their price target on NFI Group from C$18.00 to C$23.00 in a research report on Tuesday, August 6th. CIBC cut their target price on NFI Group from C$19.50 to C$18.50 in a research note on Friday, November 8th. National Bankshares increased their price target on shares of NFI Group from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, ATB Capital raised their target price on 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 analysts have rated the stock with a hold rating and four have given 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 Trading Down 2.5 %

NFI opened at C$15.35 on Wednesday. The firm has a market capitalization 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. The company’s 50 day moving average price is C$17.74 and its two-hundred day moving average price is C$16.61. The company has a debt-to-equity ratio of 164.92, a current ratio of 1.74 and a quick ratio of 0.55. NFI Group has a fifty-two week low of C$10.89 and a fifty-two 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.