Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The latest update is out from NFI Group Inc ( (TSE:NFI) ).
NFI Group Inc.’s subsidiary, New Flyer, has secured a significant contract with New Jersey Transit for up to 750 Xcelsior clean-diesel transit buses, marking one of the largest clean-diesel bus procurements in the company’s history. This contract, which includes an initial order for 200 buses and options for 550 more, will enhance NJ TRANSIT’s fleet, improving service reliability and efficiency. The deal underscores New Flyer’s commitment to providing high-capacity, reliable transit solutions and supports NJ TRANSIT’s goal of a fully modernized bus fleet by 2031, benefiting regional mobility and passenger experience.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$21.00 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’s stock score is supported by a strong earnings call outlook and technical momentum. Financial risks and valuation challenges due to persistent losses and high leverage moderate the score. Strategic corporate events provide a mixed impact with positive liquidity improvements but operational risks in the UK.
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 offering a wide range of propulsion-agnostic bus and coach platforms, including electric models. With nearly 9,000 employees across ten countries, NFI provides scalable smart mobility solutions through its brands such as New Flyer, MCI, Alexander Dennis Limited, and others. The company supports over 100,000 buses and coaches worldwide, focusing on sustainable transportation with various drive systems like zero-emission electric, natural gas, electric hybrid, and clean diesel.
Average Trading Volume: 244,210
Technical Sentiment Signal: Buy
Current Market Cap: C$1.83B
See more insights into NFI stock on TipRanks’ Stock Analysis page.