Scotiabank Has Pessimistic View of NFI Group FY2026 Earnings

NFI Group Inc. (TSE:NFI) – Equities researchers at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for NFI Group in a research report issued to clients and investors on Wednesday, July 29th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $1.06 for the year, down from their previous forecast of $1.11. Scotiabank currently has a “Sector Outperform” rating and a $25.00 target price on the stock. The consensus estimate for NFI Group’s current full-year earnings is $1.28 per share. Scotiabank also issued estimates for NFI Group’s FY2027 earnings at $1.27 EPS.

A number of other equities analysts also recently commented on NFI. National Bank Financial increased their price objective on NFI Group from C$26.00 to C$29.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce boosted their target price on shares of NFI Group from C$22.00 to C$27.00 in a research report on Tuesday, May 12th. Stifel Nicolaus raised their price target on shares of NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Canaccord Genuity Group upgraded shares of NFI Group to a “strong-buy” rating in a report on Monday, June 1st. Finally, TD boosted their price target on NFI Group from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$25.38.

NFI Group Trading Down 2.7%

Shares of TSE:NFI opened at C$25.32 on Thursday. NFI Group has a 12-month low of C$12.50 and a 12-month high of C$26.35. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 221.05. The firm has a market capitalization of C$3.02 billion, a P/E ratio of -24.28, a price-to-earnings-growth ratio of -0.07 and a beta of 0.14. The firm has a fifty day moving average of C$23.69 and a two-hundred day moving average of C$20.36.

NFI Group (TSE:NFI) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.25 EPS for the quarter. The firm had revenue of C$1.17 billion during the quarter. NFI Group had a negative return on equity of 22.22% and a negative net margin of 3.32%.

Insider Buying and Selling

In related news, Director Adam L. Gray acquired 5,200 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of C$22.55 per share, for a total transaction of C$117,260.00. Following the acquisition, the director owned 25,556,415 shares in the company, valued at C$576,297,158.25. This trade represents a 0.02% increase in their position. Also, Director John Christopher Sapp bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of C$20.66 per share, for a total transaction of C$51,650.00. Following the completion of the transaction, the director owned 20,653 shares of the company’s stock, valued at C$426,690.98. This represents a 13.77% increase in their ownership of the stock. Over the last ninety days, insiders acquired 242,015 shares of company stock worth $5,025,732. 0.62% of the stock is currently owned by corporate insiders.

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¿.