In a report released on January 5, Gregory Lewis from BTIG maintained a Hold rating on Shyft Group (SHYF – Research Report). The company’s shares closed last Friday at $11.46.
According to TipRanks, Lewis is an analyst with an average return of -1.4% and a 45.27% success rate. Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean.
Currently, the analyst consensus on Shyft Group is a Hold with an average price target of $12.00.
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SHYF market cap is currently $393M and has a P/E ratio of 14.04.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SHYF in relation to earlier this year.
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Shyft Group (SHYF) Company Description:
Spartan Motors, Inc. engages in vehicle manufacturing and assembly for the commercial and retail vehicle industries as well as for the emergency response and recreational vehicle markets. It operates through the following three segments: Fleet Vehicles and Services, Emergency Response, and Specialty Vehicles. The Fleet Vehicles and Services segment manufacture commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, mobile retail, and trades and construction industries. The Emergency Response segment engages in engineering and manufacturing custom emergency response cabs and chassis and complete apparatus to customer specifications, for use by the fire industry throughout the United States and Canada, as well as select markets in South America and Asia. The Specialty Vehicles segment engages in engineering and manufacturing luxury Class A diesel motor home chassis, Reach walk-in van, provide contract assembly of defense vehicles and other specialty chassis, and distribute related aftermarket parts and accessories. The company was founded by William F. Foster, George Sztykiel, Gerald Geary, and John Knox on September 18, 1975 and is headquartered in Charlotte, MI.
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