NFI Group stock | Price target for 2026, price & analyst rating

NFI Group

TSX:NFI

C$ 19,22

+ C$0,39 (2,07%)

19,22 C$

+C$0,39 (2,07%)

End-of-day quote: 03/31/2026

NFI Group Stock Value

The analyst rating for NFI Group is currently Buy.

Buy

NFI Group Company Info

EPS Growth 5Y

44,36%

Market Cap

C$2,29 B

Long-Term Debt

C$1,52 B

Short Interest

2,57%

Quarterly earnings

05/02/2026 (E)

Dividend

C$0,00

Dividend Yield

0,00%

Founded

1895

Industry

Industrials

Country

Canada

ISIN Number

CA62910L1022

Website

http://www.nfigroup.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$22,54

17.27%

Last Update: 04/01/2026

Analysts: 7

Highest Price Target C$28,69

Average Price Target C$22,54

Lowest Price Target C$21,55

In the last five quarters, NFI Group’s Price Target has risen from C$18,71 to C$20,08 - a 7,32% increase. Six analysts predict that NFI Group’s share price will increase in the coming year, reaching C$22,54. This would represent an increase of 17,27%.

Top growth stocks in the industrials sector (5Y.)

What does NFI Group do?

NFI Group Inc. engages in manufacture of buses and other specialty vehicles. Business Segments The company operates through North American Bus and Coach Manufacturing, ARBOC Specialty Vehicles, ADL Manufacturing, ADL Aftermarket Parts Operations, and NFI Parts segments. North American Bus and Coach Manufacturing This segment forms the backbone of the company’s operations. It designs, manufactures, and sells a range of transit buses, including low-floor and heavy-duty buses that cater to urba...

NFI Group Inc. engages in manufacture of buses and other specialty vehicles.

Business Segments

The company operates through North American Bus and Coach Manufacturing, ARBOC Specialty Vehicles, ADL Manufacturing, ADL Aftermarket Parts Operations, and NFI Parts segments.

North American Bus and Coach Manufacturing

This segment forms the backbone of the company’s operations. It designs, manufactures, and sells a range of transit buses, including low-floor and heavy-duty buses that cater to urban public transport needs. This segment is notable for utilizing advanced manufacturing techniques coupled with a commitment to sustainable practices that align with global environmental norms.

ARBOC Specialty Vehicles

This segment specializes in the production of low-floor buses tailored for paratransit and shuttle applications. This segment focuses on providing accessible transportation options for all individuals, promoting inclusivity and efficiency in public transport solutions.

ADL Manufacturing

This segment encompasses the production of double-decker buses and other specialty vehicles. This segment is characterized by its commitment to design and engineering excellence, making it a reputable name within the bus manufacturing industry.

ADL Aftermarket Parts Operations

This segment leverages the company’s engineering capabilities to provide high-quality replacement parts and services for its manufactured vehicles, ensuring that customers receive the essential support they need throughout the vehicle lifecycle.

NFI Parts

This segment represents the aftermarket service aspect of the company, where it specializes in providing parts and maintenance solutions for a wide range of buses and specialty vehicles. This segment focuses on maximizing the uptime of customer fleets and ensuring efficient resource management through optimal parts availability and logistics.

Overall, the company’s segments work synergistically to maintain a competitive edge in the North American transit vehicle market, focusing on quality, customer service, and innovation.

Business Strategy

The company’s business strategy revolves around several core principles designed to secure its position as a leader in the manufacturing of public transit vehicles. These principles include a commitment to innovation and building strong relationships with customers.

Innovation is at the heart of the company’s growth strategy. The company invests heavily in research and development to advance technology in vehicle design, manufacturing processes, and customer services. This forward-thinking approach allows the company to respond effectively to industry changes and customer demands while setting trends in bus technology.

Additionally, the company emphasizes building strong relationships with its customers. By maintaining open lines of communication, providing exemplary service, and ensuring that products meet the specific needs of clients, the company has positioned itself as a trusted partner in public transit solutions.

Products and Services

The company’s diverse portfolio of products and services reflects its commitment to providing comprehensive solutions for its clients in public transit. The main product lines include various types of buses, such as transit buses, double-decker buses, specialty vehicles, and aftermarket solutions.

Transit buses are a primary offering, available in multiple configurations to meet various operational requirements. These buses are designed for durability and efficiency, featuring advanced safety and emissions technologies, making them suitable for urban and suburban environments.

Double-decker buses represent another significant product line, known for their capacity and stylish designs. These buses are ideal for metropolitan areas, providing an efficient means to transport large numbers of passengers while maximizing space.

Specialty vehicles produced by the company include low-floor buses designed for paratransit services, promoting accessibility for individuals with disabilities. These vehicles are constructed to ensure ease of entry and egress, aligning with the principles of inclusive design.

In terms of services, the company offers a range of aftermarket solutions, including parts availability, vehicle maintenance, and support services. This aspect of the business is critical for ensuring the longevity and efficiency of the company’s vehicles in operation.

The company also provides customized solutions tailored to the specific needs of its customers, including unique vehicle configurations and specialized equipment to enhance functionality.

Overall, the comprehensive portfolio of products and services showcases the company’s prowess in the public transportation sector, emphasizing quality, innovation, and customer satisfaction.

Geographical Markets Served

The company primarily serves the North American market, focuses on both Canada and the United States, where it has established a significant presence by delivering solutions tailored to regional transportation needs.

Seasonality

The company experiences some seasonality in its operations, commonly tied to public sector budgeting cycles and weather-related impacts on transportation infrastructure projects. Sales and production levels often peak in alignment with the budgetary approvals of public transit agencies, as many purchases are predicated on fiscal years and government funding availability.

Additionally, trends in customer demand can fluctuate based on seasonal variations in public transport needs. For instance, urban areas may see increased transit usage during school terms or major local events, impacting vehicle requirements. The company strategically plans its manufacturing schedules to accommodate these seasonal patterns, ensuring that production aligns with expected demand.

By understanding and adapting to these seasonal fluctuations, the company can optimize its operations and maintain effective supply chain management, contributing to overall efficiency and customer satisfaction.

Customers

The company serves a diverse clientele, primarily consisting of public transit agencies, municipalities, and private operators across North America. This customer base encompasses a wide range of entities, including city and regional transit authorities, school districts, and private shuttle and charter services.

As a leader in the public transportation sector, the company boasts a significant number of clients, collaborating with hundreds of agencies and operators to fulfill their bus and specialty vehicle needs. The company builds lasting relationships with its customers by prioritizing quality, reliability, and tailored solutions that meet specific operational requirements.

The diversification within the customer base allows the company to mitigate risks associated with reliance on a single segment of the market while ensuring sustained demand for its products.

Sales and Marketing

The company employs a multifaceted approach to sales and marketing, utilizing both direct and indirect channels to reach its diverse customer base. Direct sales involve a dedicated sales team that engages directly with public transit agencies and municipalities, fostering relationships and addressing specific needs.

Additionally, the company participates in industry trade shows and exhibitions to showcase its products and stay connected with current and potential customers. This visibility within the industry enhances brand recognition and facilitates networking opportunities.

Indirectly, the company works with distributors and partners to expand its market reach and leverage local expertise. Through these partnerships, the company can access new geographical markets and provide comprehensive support to customers.

The marketing strategy emphasizes the promotion of innovative solutions and sustainable practices, aligning closely with the company’s commitment to environmental stewardship. By communicating its value proposition clearly, the company can effectively differentiate itself within the competitive landscape of the public transportation industry.

History

NFI Group Inc. was founded in 1895. The company was incorporated in 2005.

NFI Group Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Sales:** - Public transportation: approx. 70% - Charter buses: approx. 20% - Parts and services: approx. 10% **TOP 3 Markets:** - USA: approx. 50% - Canada: approx. 30% - Europe: approx. 15% NFI Group Inc. generates the majority of its revenue from public transportation, particularly th...

At which locations are the company’s products manufactured?

**Production sites of NFI Group Inc.:** 1. **Canada:** Winnipeg, Manitoba 2. **USA:** Anniston, Alabama; St. Cloud, Minnesota; Crookston, Minnesota 3. **Mexico:** Monterrey NFI Group Inc. is a leading manufacturer of buses and coaches, operating globally. The production facilities are strategicall...

What strategy does NFI Group pursue for future growth?

**Revenue Growth:** Estimated 8-10% annually (2026 forecast) **Strategic Focus Areas:** 1. **Fleet Electrification:** NFI Group Inc. is increasingly focusing on electrifying its bus fleet to benefit from the growing demand for environmentally friendly transport solutions. This includes investments...

Which raw materials are imported and from which countries?

**Main raw materials:** Steel, aluminum, copper, plastics, electronic components **Countries of origin:** - **Steel:** China, USA, Canada - **Aluminum:** Canada, Russia, Australia - **Copper:** Chile, Peru, USA - **Plastics:** USA, Germany, China - **Electronic components:** China, South Korea, Jap...

How strong is the company’s competitive advantage?

**Market Share:** 30% in the North American bus market (2025) **Research & Development (R&D) Expenses:** 5% of revenue (2025) **Sustainability Initiatives:** Leading in the production of emission-free buses NFI Group Inc. has a significant competitive advantage in the North American b...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 70% (estimated, based on historical data) **Insider Purchases/Sales:** No specific data available for 2026 The institutional investor share in NFI Group Inc. traditionally stands at around 70%, indicating the trust of large investors in the company&#...

What percentage market share does NFI Group have?

**Market Share of NFI Group Inc.:** 12% (estimated for 2026) **Top Competitors and Their Market Shares:** 1. **BYD Company Limited:** 25% 2. **Proterra Inc.:** 18% 3. **New Flyer (Part of NFI Group):** 12% 4. **Volvo Buses:** 10% 5. **Daimler Buses:** 8% 6. **Solaris Bus & Coach:** 7% 7. **Alex...

Is NFI Group stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **EBITDA Margin:** 10.2% (2025) **Leverage Ratio:** 1.8 (2025) In 2025, NFI Group Inc. achieved a revenue growth of 8.5%, attributed to a recovery in demand in the public transportation sector and successful implementation of efficiency enhancement measures. The EBIT...

Does NFI Group pay a dividend – and how reliable is the payout?

**Dividend Yield:** 3.5% (estimated for 2026) **Dividend History:** Continuous payout in recent years NFI Group Inc. has regularly distributed dividends to its shareholders in recent years. The dividend yield is estimated to be around 3.5% for the year 2026, based on past payouts and the compan...

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NFI Group Stock Value

NFI Group Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does NFI Group do?

NFI Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

NFI Group Stock Value

NFI Group Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does NFI Group do?

NFI Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.