What is Scotiabank's Estimate for NFI Group FY2027 Earnings?

Key Points

• Scotiabank raised its FY2027 EPS estimate for NFI Group to C$1.28 from C$1.27 and maintained a “Sector Outperform” rating with a C$28.50 price target.
• Analyst sentiment remains positive, with NFI Group holding a consensus “Buy” rating and an average target price of C$30.50 after several firms raised their targets.
• NFI Group reported quarterly revenue of C$1.46 billion and EPS of C$0.33, while insiders purchased nearly 10,000 shares during the last quarter.

NFI Group Inc. (TSE:NFI - Free Report) - Analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for 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 post earnings of $1.28 per share for the year, up from their previous forecast 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.

Several other equities analysts have also issued reports on the stock. ATB Cormark Capital Markets lifted their price target on shares of NFI Group from C$31.00 to C$32.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Canaccord Genuity Group increased their price objective on NFI Group from C$35.00 to C$36.00 and gave the company a "buy" rating in a report on Monday, August 10th. Stifel Nicolaus raised their price objective on NFI Group from C$26.00 to C$31.00 and gave the stock a "buy" rating in a research 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 note on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce boosted their target price on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat.com, NFI Group 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$23.08 on Monday. NFI Group has a 52 week low of C$12.50 and a 52 week high of C$26.40. The company has a 50 day moving average price of C$24.34 and a 200 day moving average price of C$21.29. 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 has a market cap of C$2.75 billion, a PE ratio of 50.93, a price-to-earnings-growth ratio of -0.07 and a beta of 0.16.

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

Insiders Place Their Bets

In related news, Director John Christopher Sapp bought 1,900 shares of the company's stock in a transaction on Thursday, August 13th. The shares were bought at an average price of C$24.88 per share, with a total value of C$47,272.00. Following the transaction, the director owned 27,243 shares in the company, valued at approximately C$677,805.84. This trade represents a 7.50% increase in their ownership of the stock. Also, insider Stephen King purchased 1,050 shares of the business's stock in a transaction on Thursday, June 25th. The shares were bought at an average price of C$23.85 per share, for a total transaction of C$25,042.50. Following the purchase, the insider directly owned 5,512 shares in the company, valued at C$131,461.20. This represents a 23.53% increase in their position. In the last quarter, insiders have purchased 9,995 shares of company stock valued at $237,065. 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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