The Shyft Group (NASDAQ:SHYF) Given Average Rating of “Strong Buy” by Analysts
Shares of The Shyft Group (NASDAQ:SHYF) have been assigned an average broker rating score of 1.33 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and two have issued a strong buy rating on the company. The Shyft Group’s rating score has declined by 33% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $20.67 for the company and are forecasting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned The Shyft Group an industry rank of 94 out of 254 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised The Shyft Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, June 17th.
The Shyft Group (NASDAQ:SHYF) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.10. The business had revenue of $176.95 million during the quarter, compared to analysts’ expectations of $179.10 million. The Shyft Group had a positive return on equity of 24.51% and a negative net margin of 0.69%. On average, equities research analysts anticipate that The Shyft Group will post 1.07 earnings per share for the current year.
The Shyft Group Company Profile
The Shyft Group, Inc, through its subsidiary Spartan Motors USA, Inc, manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. It operates through two segments, Fleet Vehicles and Services (FVS), and Specialty Chassis and Vehicles (SCV).
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