Atb Cap Markets Increases Earnings Estimates for NFI Group

NFI Group Inc. (TSE:NFI) – Atb Cap Markets raised their FY2024 earnings estimates for shares of NFI Group in a research report issued to clients and investors on Wednesday, March 5th. Atb Cap Markets analyst C. Murray now expects that the company will post earnings of ($0.19) per share for the year, up from their previous forecast of ($0.26). The consensus estimate for NFI Group’s current full-year earnings is $1.28 per share.

NFI has been the topic of a number of other research reports. Cibc World Mkts upgraded NFI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. CIBC boosted their price objective on shares of NFI Group from C$18.50 to C$21.00 in a report on Wednesday, December 4th. Finally, ATB Capital upped their target price on shares of NFI Group from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.60.

NFI Group Stock Performance

NFI stock opened at C$11.28 on Monday. The stock has a market cap of C$934.90 million, a price-to-earnings ratio of -38.64, a PEG ratio of -0.07 and a beta of 1.41. NFI Group has a one year low of C$9.91 and a one year high of C$19.55. The company has a current ratio of 1.71, a quick ratio of 0.55 and a debt-to-equity ratio of 171.59. The firm’s 50 day moving average price is C$12.35.

About NFI Group

NFI Group Inc is a Canadian automobile manufacturer. The company organizes itself into two segments: Manufacturing operations, and Aftermarket operations. Manufacturing operations, which represents more than half of the company’s revenue, includes the manufacture of transit buses for public transportation, and motor coaches.