FY2020 EPS Estimates for NFI Group Inc. (NFI.TO) Increased by National Bank Financial (TSE:NFI)

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NFI Group Inc. (NFI.TO) (TSE:NFI) – Equities researchers at National Bank Financial boosted their FY2020 earnings estimates for shares of NFI Group Inc. (NFI.TO) in a research report issued on Monday, January 11th. National Bank Financial analyst C. Doerksen now forecasts that the company will earn ($1.01) per share for the year, up from their prior estimate of ($1.03). National Bank Financial currently has a “Outperform” rating and a $33.00 target price on the stock. National Bank Financial also issued estimates for NFI Group Inc. (NFI.TO)’s FY2022 earnings at $1.87 EPS.

Several other analysts also recently weighed in on NFI. ATB Capital dropped their target price on shares of NFI Group Inc. (NFI.TO) from C$27.00 to C$22.00 in a report on Thursday, November 12th. CIBC lifted their target price on shares of NFI Group Inc. (NFI.TO) from C$28.00 to C$34.00 in a report on Tuesday. Scotiabank raised their price target on shares of NFI Group Inc. (NFI.TO) from C$23.00 to C$34.00 in a research report on Tuesday. BMO Capital Markets raised their price target on shares of NFI Group Inc. (NFI.TO) from C$23.00 to C$42.00 in a research report on Wednesday. Finally, TD Securities raised shares of NFI Group Inc. (NFI.TO) from a “hold” rating to a “buy” rating and raised their price target for the company from C$26.00 to C$35.00 in a research report on Tuesday.

NFI Group Inc. (NFI.TO) stock opened at C$31.50 on Thursday. NFI Group Inc. has a fifty-two week low of C$0.03 and a fifty-two week high of C$33.94. The company has a debt-to-equity ratio of 219.63, a quick ratio of 0.61 and a current ratio of 1.77. The firm has a 50 day moving average price of C$23.67 and a 200 day moving average price of C$18.34. The company has a market capitalization of C$1.97 billion and a PE ratio of -14.90.

NFI Group Inc. (NFI.TO) (TSE:NFI) last posted its earnings results on Wednesday, November 11th. The company reported C$0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.01) by C$0.13. The company had revenue of C$884.69 million during the quarter, compared to analyst estimates of C$678.49 million.

In related news, Director Adam L. Gray bought 137,700 shares of the stock in a transaction on Wednesday, December 23rd. The shares were purchased at an average price of C$24.54 per share, with a total value of C$3,379,158.00. Following the purchase, the director now owns 5,017,660 shares in the company, valued at C$123,133,376.40.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.213 per share. The ex-dividend date is Wednesday, December 30th. This represents a $0.85 annualized dividend and a yield of 2.70%. NFI Group Inc. (NFI.TO)’s payout ratio is -37.35%.

NFI Group Inc. (NFI.TO) Company Profile

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, Europe, the Asia Pacific, and internationally. The company operates through two segments, Manufacturing Operations and Aftermarket Operations. It offers heavy-duty transit buses under the New Flyer name; single and double-deck buses under the name Alexander Dennis Limited; motor coaches under Plaxton and MCI names; low-floor cutaway and medium-duty buses under the ARBOC brand; and aftermarket parts under the NFI Parts name.

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