Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
NFI Group Inc ( (TSE:NFI) ) just unveiled an announcement.
San Diego’s Metropolitan Transit System has extended its long-standing relationship with NFI subsidiary New Flyer by exercising an option for 73 additional compressed natural gas Xcelsior buses. The roughly $64 million order, placed under a five-year contract, will refresh MTS’s fleet with more efficient, low-emission vehicles while supporting U.S. manufacturing jobs and domestic supply chains.
The buses, comprising 50 forty-foot and 23 sixty-foot models, will replace aging units and help MTS maintain safe, reliable service across nearly 100 bus routes for millions of riders in San Diego County. By modernizing its fleet with New Flyer’s CNG technology, MTS aims to enhance service quality and connectivity for residents and visitors, reinforcing NFI’s position as a key supplier in North American transit.
The most recent analyst rating on (TSE:NFI) stock is a Hold with a C$18.50 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 NFI Stock
According to Spark, TipRanks’ AI Analyst, NFI is a Neutral.
The score is driven primarily by improving cash generation and better liquidity/leverage trends, supported by a strong backlog and management guidance for continued growth. These positives are offset by weak profitability, high leverage/declining equity, and bearish technical momentum, with the battery-recall warranty provision a key near-term overhang.
To see Spark’s full report on NFI stock, click here.
More about NFI Group Inc
NFI Group Inc. is a leading independent global manufacturer of buses and coaches and a provider of aftermarket parts and service solutions. Through brands including New Flyer, MCI, Alexander Dennis, ARBOC, and NFI Parts, it serves public transit, commuter, and coach markets worldwide with a broad range of propulsion systems, from zero-emission electric to natural gas, hybrid, and advanced diesel technologies.
Average Trading Volume: 367,367
Technical Sentiment Signal: Buy
Current Market Cap: C$2.24B
Find detailed analytics on NFI stock on TipRanks’ Stock Analysis page.