Scotiabank Has Pessimistic View of NFI Group FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS forecast for NFI Group to C$1.04 from C$1.06, below the consensus estimate of C$1.28, while maintaining a “Sector Outperform” rating and C$28.50 price target.
• NFI Group’s broader analyst sentiment remains positive, with an average “Buy” rating and a consensus price target of C$30.50 after several firms recently raised their targets.
• The company reported quarterly revenue of C$1.46 billion and EPS of C$0.33; its shares opened at C$23.30, while insiders bought 10,660 shares worth about C$252,160 over the past quarter.

NFI Group Inc. (TSE:NFI - Free Report) - Stock analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of NFI Group in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now forecasts that the company will earn $1.04 per share for the year, down from their previous forecast of $1.06. Scotiabank has a "Sector Outperform" rating and a $28.50 price target on the stock. The consensus estimate for NFI Group's current full-year earnings is $1.28 per share.

NFI has been the subject of a number of other reports. Canadian Imperial Bank of Commerce upped their price target on shares of NFI Group from C$22.00 to C$27.00 in a report on Tuesday, May 12th. TD raised their price target on shares of NFI Group from C$26.00 to C$33.00 and gave the stock a "buy" rating in a report on Monday, August 10th. BMO Capital Markets boosted their price objective on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday, August 7th. 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. Finally, ATB Cormark Capital Markets upped their price objective on shares of NFI Group from C$31.00 to C$32.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$30.50.

NFI Group Stock Performance

TSE:NFI opened at C$23.30 on Friday. 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 has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The firm has a market cap of C$2.78 billion, a PE ratio of 51.41, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16. The business has a 50 day moving average price of C$24.33 and a 200-day moving average price of C$21.25.

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

Insider Activity at NFI Group

In related news, Director Adam L. Gray bought 5,200 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average price of C$22.55 per share, with a total value of C$117,260.00. Following the purchase, the director owned 25,556,415 shares of the company's stock, valued at approximately C$576,297,158.25. This trade represents a 0.02% increase in their position. Also, Director John Christopher Sapp acquired 1,900 shares of the business's stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of C$24.88 per share, for a total transaction of C$47,272.00. Following the completion of the transaction, the director owned 27,243 shares in the company, valued at approximately C$677,805.84. This represents a 7.50% increase in their position. Insiders have purchased a total of 10,660 shares of company stock worth $252,160 over the last quarter. Corporate insiders own 0.62% of the company's stock.

About NFI Group

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¿.

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