Mainfreight stock trades 5.62 percent below its 52-week high of NZD 70.46

Published on 09/25/2026 at 17:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mainfreight stock posted FY2026 revenue of NZD 5,383.52 million on March 31, 2026. The average analyst target is NZD 77.14, while net income fell 8.51 percent.

MFT, NZMFTE0001S9, Illustration mit AI erstellt.

Mainfreight stock (ISIN NZMFTE0001S9) stood at NZD 66.50 on the NZX on September 25, 2026, up 0.68 percent from the prior session. The price was 5.62 percent below its 52-week high of NZD 70.46, putting the latest market move alongside a still positive full-year revenue comparison.

Analyst target remains higher

MarketScreener lists an average target price of NZD 77.14 from six analysts. That target stands 15.89 percent above the NZD 66.50 reference price, while the same page shows a mean consensus of Buy and a 14.30 percent spread to the average target.

A separate September research entry on MarketScreener lists Forsyth Barr downgrading Mainfreight from Outperform to Neutral with an NZD 81.50 price target. The entry places the rating change against a target that remains above the latest NZX price.

Revenue grows as profit falls

Mainfreight generated NZD 5,383.52 million of revenue in fiscal year 2026 ended March 31, 2026, compared with NZD 5,236.44 million in fiscal year 2025. Investing.com UK reports the 2.81 percent revenue increase alongside operating income of NZD 831.16 million, up 4.03 percent from NZD 798.93 million.

The earnings mix was less favorable below the operating line. Net income declined from NZD 274.34 million in fiscal year 2025 to NZD 251 million in fiscal year 2026, an 8.51 percent decrease, while diluted earnings per share fell from NZD 2.72 to NZD 2.49.

Stock stays below yearly high

Mainfreight had a market capitalization of NZD 6,696,453,442 on September 25, 2026, with trading volume of 76,953 shares. The session range was NZD 65.15 to NZD 67.39, compared with a 52-week range of NZD 53.11 to NZD 70.46.

For investors, the key tension is clear: fiscal year 2026 revenue and operating income improved, but net income and earnings per share moved lower. The NZD 77.14 average target therefore sits alongside a measurable profit decline rather than a uniformly positive earnings picture.