NFI’s New Flyer to Deliver 55 Buses to Brampton Transit

NFI Group Inc ( (TSE:NFI) ) has shared an announcement.

NFI Group Inc.’s subsidiary, New Flyer, has secured an order to deliver 55 Xcelsior buses to Brampton Transit, enhancing the city’s fleet with hybrid-electric and clean-diesel models. This order supports Brampton’s efforts to build a more sustainable transit system and reinforces New Flyer’s position as a leader in providing innovative mobility solutions, which are crucial for urban growth and transit innovation.

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 Inc’s stock score is influenced by a mix of factors. The positive technical indicators and optimistic earnings call offset the challenges in financial performance and valuation. Recent corporate events provide additional support, but high leverage and profitability issues remain key risks.

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 propulsion-agnostic bus and coach platforms, including electric models. With a workforce of nearly 9,000 across ten countries, NFI offers a wide range of sustainable drive systems such as zero-emission electric, natural gas, electric hybrid, and clean diesel. The company supports over 100,000 buses and coaches worldwide under various brands, including New Flyer, MCI, and Alexander Dennis Limited.

Average Trading Volume: 240,737

Technical Sentiment Signal: Buy

Current Market Cap: C$1.97B

Find detailed analytics on NFI stock on TipRanks’ Stock Analysis page.