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An announcement from NFI Group Inc ( (TSE:NFI) ) is now available.
NFI Group’s board has amended its investment agreement with Coliseum Capital Management, allowing the company’s largest shareholder to increase its stake to as much as 25% of NFI’s outstanding common shares, up from the previous 20% cap, until the end of 2026. While NFI will not issue new shares or receive proceeds from any additional Coliseum purchases, the deal underscores Coliseum’s long-term confidence in NFI’s strategy and grants the investor greater influence, including a commitment to vote any incremental shares in line with management and the board, reinforcing board support and signaling stability for shareholders as the company pursues its growth and zero-emission mobility ambitions.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$20.00 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
Spark’s Take on TSE:NFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NFI is a Neutral.
NFI Group Inc’s stock score is primarily impacted by financial performance challenges, including profitability and cash flow issues, and high leverage. Technical analysis shows mixed signals with short-term bullish momentum but longer-term bearish trends. Valuation remains difficult due to negative earnings and lack of dividend yield. The earnings call provided some positive outlooks, but the battery recall remains a significant concern.
To see Spark’s full report on TSE:NFI stock, click here.
More about NFI Group Inc
NFI Group Inc. is a leading global manufacturer of mass mobility solutions, producing buses and coaches under brands including New Flyer, MCI, Alexander Dennis, ARBOC and NFI Parts. Leveraging 450 years of combined experience and a workforce of over 9,000 employees in ten countries, the company offers propulsion-agnostic platforms spanning zero-emission electric, natural gas, hybrid and clean diesel drivetrains, targeting urban transit agencies and operators seeking scalable, low- and zero-emission transportation solutions worldwide.
Average Trading Volume: 301,299
Technical Sentiment Signal: Sell
Current Market Cap: C$1.72B
For an in-depth examination of NFI stock, go to TipRanks’ Overview page.