NFI Group Inc ( (TSE:NFI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
NFI Group Inc’s stock movement is driven by its impressive fourth-quarter and fiscal year 2024 performance, showcasing a notable rise in net earnings and adjusted EBITDA, alongside a record $12.8 billion backlog. This success is largely due to a 5.1% revenue increase and a 76.4% surge in adjusted EBITDA, fueled by the strategic delivery of zero-emission buses. Despite these achievements, the stock faces short-term challenges from supply chain issues and tariffs, leading to mixed analyst ratings. Some analysts maintain a Hold rating, while others see a Buy opportunity due to the company’s strong market position and a new contract for 170 clean-diesel buses, indicating long-term growth potential.
More about NFI Group Inc
YTD Price Performance: -23.01%
Average Trading Volume: 339,424
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.31B
For further insights into NFI stock on TipRanks’ Stock Analysis page.
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