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The latest announcement is out from NFI Group Inc ( (TSE:NFI) ).
NFI Group Inc.’s subsidiary, New Flyer Industries Canada ULC, has secured an order from OC Transpo for 50 clean-diesel 60-foot buses, valued at approximately $75 million CAD. This order, part of a Metrolinx contract, aims to replace aging buses and enhance transit reliability in Ottawa. This marks the fourth order from Ottawa in two years, highlighting NFI’s strengthening presence in Canada and its ongoing partnership with OC Transpo. The order contributes to NFI’s Q2 backlog and underscores its role in supporting urban transit solutions.
The most recent analyst rating on (TSE:NFI) stock is a Hold with a C$13.50 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. faces significant challenges with financial stability and technical indicators pointing to a bearish trend. The negative P/E ratio and lack of dividend yield further weigh on the stock’s attractiveness. However, the earnings call provided some positive outlook with improvements in financial metrics and a strong backlog, partially offsetting the negative factors.
To see Spark’s full report on TSE:NFI stock, click here.
More about NFI Group Inc
NFI Group Inc. is a leading global bus manufacturer specializing in mass mobility solutions. The company offers a wide range of sustainable drive systems, including zero-emission electric, natural gas, electric hybrid, and clean diesel. NFI operates under several brands, including New Flyer, MCI, Alexander Dennis Limited, ARBOC, and NFI Parts, and supports over 100,000 buses and coaches worldwide. The company is committed to advancing bus and coach technology through its Vehicle Innovation Center.
Average Trading Volume: 297,467
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.62B
For detailed information about NFI stock, go to TipRanks’ Stock Analysis page.