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An announcement from NFI Group Inc ( (TSE:NFI) ) is now available.
NFI Group Inc. and GILLIG LLC have formed a 50/50 joint venture to acquire the assets of American Seating Inc., a key player in the transit, motorcoach, and rail seating industry. This strategic acquisition aims to stabilize and enhance the supply chain for the North American transit industry, ensuring consistent supply and operational performance recovery for American Seating. The joint venture, named GR Seating, LLC, will maintain operations in Grand Rapids, Michigan, and invest in equipment and facilities to support the management team’s recovery plan. This move is expected to reinforce the stability of the transit industry, benefiting customers and millions of riders.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$20.00 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 overall stock score reflects a challenging financial performance with high leverage and negative profitability, compounded by bearish technical indicators and a concerning valuation. While the earnings call provided some positive highlights, such as strong demand and improved liquidity, significant risks remain, particularly in profitability and market challenges.
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 market-leading electric models. The company focuses on providing scalable smart mobility solutions through low- and zero-emission buses and coaches, infrastructure, and technology. NFI supports over 100,000 buses and coaches worldwide, operating under brands such as New Flyer, MCI, Alexander Dennis Limited, ARBOC, and NFI Parts.
Average Trading Volume: 292,840
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.65B
See more data about NFI stock on TipRanks’ Stock Analysis page.