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NFI Group Inc ( (TSE:NFI) ) has provided an update.
NFI Group’s subsidiary New Flyer has secured an additional order from New Jersey Transit for 375 Xcelsior 40-foot clean-diesel buses, completing the 550-bus base order under a multi-phase fleet replacement program that began with a 2024 contract and still leaves options for a further 750 units. The deal underscores New Flyer’s role as a key long-term supplier to major U.S. transit agencies and supports NJ TRANSIT’s drive to modernize its bus fleet by 2031, replacing aging vehicles while maintaining service levels, bolstering domestic manufacturing and local jobs, and reinforcing NFI’s competitive position in the North American public transportation market.
The most recent analyst rating on (TSE:NFI) stock is a Hold with a C$16.50 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’s overall stock score is primarily influenced by its financial performance challenges, including high leverage and negative profitability. The technical analysis shows bullish momentum, but the stock is overbought. The earnings call provided a positive outlook despite the battery recall issue. Valuation remains a concern with a negative P/E ratio.
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 a wide range of propulsion-agnostic buses and coaches, including market‑leading low- and zero‑emission models. Through brands such as New Flyer, MCI, Alexander Dennis, ARBOC and NFI Parts, the company serves urban transit systems worldwide with vehicles, infrastructure, technology, parts, service, workforce training and financing, supporting an installed base of more than 100,000 buses and coaches.
Average Trading Volume: 291,438
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.02B
Learn more about NFI stock on TipRanks’ Stock Analysis page.