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Shyft Group (SHYF) Initiated with a Buy at Craig-Hallum
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Shyft Group (SHYF) Initiated with a Buy at Craig-Hallum

Shyft Group (SHYFResearch Report) received a Buy rating and price target from Craig-Hallum analyst Steven Dyer today. The company’s shares closed last Friday at $26.21.

According to TipRanks, Dyer is a 5-star analyst with an average return of 21.2% and a 57.35% success rate.

Shyft Group has an analyst consensus of Strong Buy, with a price target consensus of $32.50.

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SHYF market cap is currently $915.1M and has a P/E ratio of 22.02.

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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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