Scotia Capital keeps CAD 28.50 target for NFI Group stock

Published on 10/20/2026 at 21:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NFI Group reported CAD 1.46 billion revenue for its latest quarter on August 6, 2026. NFI Group stock costs EUR 16.00 on October 20, 2026.

Analyst target and reporting date

Scotia Capital maintained a CAD 28.50 target and Sector Outperform rating on October 15, 2026.
NFI Group reported CAD 1.46 billion in quarterly revenue on August 6, 2026.
NFI Group stock costs EUR 16.00 at Lang & Schwarz on October 20, 2026 at 9:30 p.m. CEST.
NFI Group plans to release third-quarter 2026 results on November 6, 2026.

NFI, CA62910L1022, Illustration mit AI erstellt.

Scotia Capital maintained a Sector Outperform rating and a CAD 28.50 target for NFI Group in a note dated October 15, 2026, as reported by The Globe and Mail. That target is 12.96 percent above the Toronto quote of CAD 25.23 at 3:33 p.m. EDT on October 20, 2026. At Lang & Schwarz, NFI Group was trading at EUR 16.00 on October 20, 2026 at 9:30 p.m. CEST.

Quarterly revenue sets the baseline

NFI Group's latest reported quarter produced CAD 1.46 billion in revenue and CAD 0.33 in earnings per share, according to MarketBeat on October 15, 2026. The same report placed the company's net margin at 1.55 percent and return on equity at 10.42 percent, figures that frame the analyst target against a business with limited reported profitability.

NFI's investor-relations page identifies the company as a manufacturer of buses and motorcoaches and a provider of aftermarket parts and service solutions. It lists 260 zero-emission buses delivered in the second quarter of 2026 and 6,420 delivered since 2015, according to NFI Group.

Stock remains below its yearly high

The Toronto-listed shares were quoted at CAD 25.23 on October 20, 2026, against a 52-week range of CAD 12.50 to CAD 26.40. The current price therefore stood 4.43 percent below the yearly high and 101.84 percent above the yearly low. NFI Group's market capitalization was CAD 3.0 billion, while its price-to-earnings ratio was 37.66.

November date sets the next checkpoint

NFI Group's investor-relations calendar schedules the third-quarter 2026 financial-results call for November 6, 2026 at 9:30 a.m. EST. The company reported its second-quarter results on August 6, 2026, giving the November event a clear reporting sequence. The next release will matter because the current CAD 28.50 target sits above both the October Toronto quote and the latest reported earnings base.

What the target means for valuation

The analyst target implies a CAD 3.27 increase from the October 20 Toronto quote. That is a 12.96 percent gap in the home currency, while the 37.66 price-to-earnings ratio shows that the target rests on expectations beyond the latest quarter's CAD 0.33 earnings per share. The figures do not establish a recommendation, but they define the valuation hurdle ahead of the November report.

Price stays in the frame

NFI Group's common shares trade on the Toronto Stock Exchange under NFI, according to the company release carried by MarketScreener. The Canadian listing is the relevant home-market reference for the CAD target, while German investors see the separate euro quotation at Lang & Schwarz.

The further course of trading is shown by the continuously updated real-time quote of NFI stock.