Should I buy or sell The Shyft Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Shyft Group in the last twelve months. There are currently 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SHYF shares. View SHYF analyst ratings or view top-rated stocks .

What is The Shyft Group's stock price target for 2024?

4 analysts have issued twelve-month price objectives for The Shyft Group's stock. Their SHYF share price targets range from $12.00 to $40.00. On average, they anticipate the company's share price to reach $21.50 in the next year. This suggests a possible upside of 82.5% from the stock's current price. View analysts price targets for SHYF or view top-rated stocks among Wall Street analysts .

How have SHYF shares performed in 2023?

The Shyft Group's stock was trading at $24.86 on January 1st, 2023. Since then, SHYF shares have decreased by 52.6% and is now trading at $11.78. View the best growth stocks for 2023 here .

When is The Shyft Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our SHYF earnings forecast .

How were The Shyft Group's earnings last quarter?

The Shyft Group, Inc. (NASDAQ:SHYF) announced its earnings results on Thursday, October, 26th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. The firm earned $201.33 million during the quarter, compared to analyst estimates of $225.70 million. The Shyft Group had a trailing twelve-month return on equity of 12.84% and a net margin of 2.96%.

How often does The Shyft Group pay dividends? What is the dividend yield for The Shyft Group?

The Shyft Group announced a quarterly dividend on Wednesday, November 15th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.05 per share on Friday, December 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, November 15th. Read our dividend analysis for SHYF .

Is The Shyft Group a good dividend stock?

The Shyft Group (NASDAQ:SHYF) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHYF will have a dividend payout ratio of 35.09% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SHYF .

What ETF holds The Shyft Group's stock ?

First Trust RBA American Industrial Renaissance ETF holds 524,537 shares of SHYF stock, representing 1.77% of its portfolio.

What guidance has The Shyft Group issued on next quarter's earnings?

The Shyft Group issued an update on its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $0.42-0.56 for the period, compared to the consensus EPS estimate of $0.46. The company issued revenue guidance of $850-900 million, compared to the consensus revenue estimate of $888.64 million.

What other stocks do shareholders of The Shyft Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Shyft Group investors own include Advanced Micro Devices (AMD) , Best Buy (BBY) , Ball (BLL) , Livongo Health (LVGO) , PennyMac Financial Services (PFSI) , QUALCOMM (QCOM) , Teladoc Health (TDOC) and Taiwan Semiconductor Manufacturing (TSM) .

Who are The Shyft Group's major shareholders?

The Shyft Group's stock is owned by many different retail and institutional investors. Top institutional investors include abrdn plc (2.37%), Schwerin Boyle Capital Management Inc. (1.70%), Charles Schwab Investment Management Inc. (1.30%), Northern Trust Corp (0.96%), AQR Capital Management LLC (0.96%) and First Eagle Investment Management LLC (0.88%). Insiders that own company stock include Daryl M Adams, Daryl M Adams , Jonathan C Douyard, Joshua A Sherbin, Michael Dinkins, Pamela L Kermisch, Ronald Edward Harbour , Stephen K Guillaume , Terri Pizzuto and Thomas R Clevinger. View institutional ownership trends .

How do I buy shares of The Shyft Group?

Shares of SHYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

The Shyft Group Stock Price, News & Analysis (NASDAQ:SHYF)

$11.78

+0.12 (+1.03%)

(As of 09:48 AM ET)

Compare

Today's Range: $11.68
▼
$11.81
50-Day Range: $10.41
▼
$15.10
52-Week Range: $10.39
▼
$34.10

Volume: 8,616 shs
Average Volume: 335,844 shs
Market Capitalization: $403.94 million

P/E Ratio: 14.54
Dividend Yield: 1.70%
Price Target: $21.50

The Shyft Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 82.5% Upside
$21.50 Price Target
Short Interest: Healthy
3.90% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$125,473 Bought Last Quarter
Proj. Earnings Growth: 67.65%
From $0.34 to $0.57 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Auto/Tires/Trucks Sector

10th out of 66 stocks

Motor Vehicles & Car Bodies Industry

4th out of 25 stocks

3.3

Analyst's Opinion

Consensus Rating
The Shyft Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.50, The Shyft Group has a forecasted upside of 82.5% from its current price of $11.78.
Amount of Analyst Coverage
The Shyft Group has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.90% of the float of The Shyft Group has been sold short.
Short Interest Ratio / Days to Cover
The Shyft Group has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in The Shyft Group has recently increased by 13.21%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
The Shyft Group pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
The Shyft Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of The Shyft Group is 24.69%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, The Shyft Group will have a dividend payout ratio of 35.09% next year. This indicates that The Shyft Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SHYF.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for The Shyft Group this week, compared to 2 articles on an average week.
MarketBeat Follows
5 people have added The Shyft Group to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The Shyft Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $125,473.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.65% of the stock of The Shyft Group is held by insiders.
Percentage Held by Institutions
84.64% of the stock of The Shyft Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for The Shyft Group are expected to grow by 67.65% in the coming year, from $0.34 to $0.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Shyft Group is 14.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.62.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Shyft Group is 14.54, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 10.74.
Price to Book Value per Share Ratio
The Shyft Group has a P/B Ratio of 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About The Shyft Group Stock (NASDAQ:SHYF)

The Shyft Group, Inc. manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment manufactures and sells commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries. This segment markets its commercial vehicles, including walk-in vans, cutaway vans, and truck bodies under the Aeromaster, Velocity, Trademaster, and Utilivan brands; and vocation-specific equipment upfit services under the Utilimaster Upfit Services and Strobes-R-Us brands. It also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, cargo vans, and light duty pick-up trucks; and provides aftermarket support, including parts sales and field services, as well as parts and accessories. The Specialty Vehicles segment engineers and manufactures luxury class A diesel motor home chassis; and manufactures and assembles truck bodies under the Royal Truck Body and DuraMag brands. It also provides final assembly services for Isuzu N-gas and F-series chassis under the Builtmore Contract Manufacturing brand; and designs and installs custom lighting and upfit solutions for a range of specialty industries. In addition, this segment provides truck accessories under the Magnum brand; and a range of parts and accessories, and maintenance and repair services for its motorhome and specialty chassis. The Shyft Group, Inc. sells its products to commercial users, original equipment manufacturers, dealers, individuals, municipalities, and other government entities. The company was formerly known as Spartan Motors, Inc. and changed its name to The Shyft Group, Inc. in June 2020. The Shyft Group, Inc. was incorporated in 1975 and is headquartered in Novi, Michigan.

SHYF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SHYF Stock News Headlines

December 8, 2023 | finance.yahoo.com

Pleasing Signs As A Number Of Insiders Buy Shyft Group Stock

December 6, 2023 | americanbankingnews.com

Reviewing The Shyft Group (NASDAQ:SHYF) & Polestar Automotive Holding UK (NASDAQ:PSNY)

December 8, 2023 | Wealthpress (Ad)

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December 1, 2023 | morningstar.com

The Shyft Group Inc

November 24, 2023 | finance.yahoo.com

The Shyft Group, Inc.'s (NASDAQ:SHYF) Intrinsic Value Is Potentially 44% Above Its Share Price

November 10, 2023 | finance.yahoo.com

Is It Smart To Buy The Shyft Group, Inc. (NASDAQ:SHYF) Before It Goes Ex-Dividend?

November 7, 2023 | finance.yahoo.com

The Shyft Group to Participate in the Baird 2023 Global Industrial Conference

November 3, 2023 | finance.yahoo.com

Shyft Group's (NASDAQ:SHYF) Dividend Will Be $0.05

December 8, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 1, 2023 | msn.com

The Shyft Group says CFO Douyard buys 9.06K shares in co

October 31, 2023 | msn.com

Shyft declares $0.05 dividend

October 30, 2023 | finance.yahoo.com

The Shyft Group Inc (SHYF) Company: A Short SWOT Analysis

October 28, 2023 | finance.yahoo.com

The Shyft Group, Inc. (NASDAQ:SHYF) Q3 2023 Earnings Call Transcript

October 28, 2023 | msn.com

BTIG Downgrades Shyft Group Inc (SHYF)

October 27, 2023 | finanznachrichten.de

The Shyft Group, Inc.: The Shyft Group Reports Third Quarter 2023 Results

October 27, 2023 | markets.businessinsider.com

Shyft Group Names John Dunn President And CEO, Succeeding Daryl Adams

October 27, 2023 | seekingalpha.com

The Shyft Group, Inc. (SHYF) Q3 2023 Earnings Call Transcript

October 26, 2023 | finance.yahoo.com

The Shyft Group (SHYF) Tops Q3 Earnings Estimates

October 26, 2023 | markets.businessinsider.com

The Shyft Group Reports Third Quarter 2023 Results

October 26, 2023 | msn.com

The Shyft Group appoints John Dunn as President and CEO

October 25, 2023 | markets.businessinsider.com

Here's what Wall Street expects from The Shyft Group's earnings report

October 13, 2023 | msn.com

Neck Muscle Tension Release By Shyft

October 10, 2023 | finance.yahoo.com

The Shyft Group to Announce Third Quarter 2023 Financial Results on October 26, 2023

October 2, 2023 | finance.yahoo.com

The Shyft Group Signs Agreement With Rush Enterprises Commercial Vehicle Dealer Group for Sales and Service of Blue Arc™ Electric Vehicles

September 28, 2023 | msn.com

The Shyft Group: Strong Backlogs But Trading At A Significant Premium

September 26, 2023 | markets.businessinsider.com

Hidden Gems: 3 Stocks Flying Under the Radar

September 19, 2023 | finance.yahoo.com

The Shyft Group to Attend and Present at the D.A. Davidson 22nd Annual Diversified Industrials & Services Conference

See More Headlines

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Company Calendar

Ex-Dividend for 9/18 Dividend: 8/16/2023
Dividend Payable: 9/18/2023
Last Earnings: 10/26/2023
Ex-Dividend for 12/15 Dividend: 11/15/2023
Today: 12/08/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:SHYF
CUSIP: N/A
CIK: 743238
Web: www.spartanmotors.com
Phone: (517) 543-6400
Fax: 517-543-5403
Employees: 4,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $21.50
High Stock Price Target: $40.00
Low Stock Price Target: $12.00
Potential Upside/Downside: +84.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.81
Trailing P/E Ratio: 14.40
Forward P/E Ratio: 34.29
P/E Growth: N/A
Net Income: $36.56 million
Net Margins: 2.96%
Pretax Margin: 3.27%
Return on Equity: 12.84%
Return on Assets: 6.17%

Debt

Debt-to-Equity Ratio: 0.22
Current Ratio: 1.70
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $971.88 million
Price / Sales: 0.41
Cash Flow: $1.52 per share
Price / Cash Flow: 7.66
Book Value: $7.66 per share
Price / Book: 1.52

Miscellaneous

Outstanding Shares: 34,290,000
Free Float: 33,381,000
Market Cap: $399.82 million
Optionable: Optionable
Beta: 1.66

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Key Executives

Mr. Jonathan C. Douyard (Age 43)
Chief Financial Officer
Comp: $582.97k
Mr. Joshua Alan Sherbin (Age 60)
Chief Legal Officer & Chief Compliance Officer and Corporate Secretary
Comp: $533.96k
Mr. Colin E. Hindman (Age 49)
Chief Human Resources Officer
Comp: $448.38k
Mr. Daryl M. Adams (Age 61)
Advisor
Comp: $1.21M
Mr. John A. Dunn (Age 56)
President, CEO & Director
Mr. Scott Matthew Ocholik (Age 50)
VP, Chief Accounting Officer & Corporate Controller
Mr. Andrew Anderson
Chief Information Officer
Mr. Randy Wilson
VP of Investor Relations & Group Treasurer
Mr. Todd S. Fierro (Age 59)
President of Emergency Response
Mr. Jacob Farmer
President of Specialty Vehicles

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SHYF Stock Analysis - Frequently Asked Questions

Should I buy or sell The Shyft Group stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Shyft Group in the last twelve months. There are currently 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SHYF shares.
View SHYF analyst ratings or view top-rated stocks.
What is The Shyft Group's stock price target for 2024?: 4 analysts have issued twelve-month price objectives for The Shyft Group's stock. Their SHYF share price targets range from $12.00 to $40.00. On average, they anticipate the company's share price to reach $21.50 in the next year. This suggests a possible upside of 82.5% from the stock's current price.
View analysts price targets for SHYF or view top-rated stocks among Wall Street analysts.
How have SHYF shares performed in 2023?: The Shyft Group's stock was trading at $24.86 on January 1st, 2023. Since then, SHYF shares have decreased by 52.6% and is now trading at $11.78.
View the best growth stocks for 2023 here.
When is The Shyft Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our SHYF earnings forecast.
How were The Shyft Group's earnings last quarter?: The Shyft Group, Inc. (NASDAQ:SHYF) announced its earnings results on Thursday, October, 26th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. The firm earned $201.33 million during the quarter, compared to analyst estimates of $225.70 million. The Shyft Group had a trailing twelve-month return on equity of 12.84% and a net margin of 2.96%.
How often does The Shyft Group pay dividends? What is the dividend yield for The Shyft Group?: The Shyft Group announced a quarterly dividend on Wednesday, November 15th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.05 per share on Friday, December 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, November 15th.
Read our dividend analysis for SHYF.

Is The Shyft Group a good dividend stock?: The Shyft Group (NASDAQ:SHYF) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHYF will have a dividend payout ratio of 35.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHYF.
What ETF holds The Shyft Group's stock ?: First Trust RBA American Industrial Renaissance ETF holds 524,537 shares of SHYF stock, representing 1.77% of its portfolio.
What guidance has The Shyft Group issued on next quarter's earnings?: The Shyft Group issued an update on its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $0.42-0.56 for the period, compared to the consensus EPS estimate of $0.46. The company issued revenue guidance of $850-900 million, compared to the consensus revenue estimate of $888.64 million.
What other stocks do shareholders of The Shyft Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other The Shyft Group investors own include Advanced Micro Devices (AMD), Best Buy (BBY), Ball (BLL), Livongo Health (LVGO), PennyMac Financial Services (PFSI), QUALCOMM (QCOM), Teladoc Health (TDOC) and Taiwan Semiconductor Manufacturing (TSM).
Who are The Shyft Group's major shareholders?: The Shyft Group's stock is owned by many different retail and institutional investors. Top institutional investors include abrdn plc (2.37%), Schwerin Boyle Capital Management Inc. (1.70%), Charles Schwab Investment Management Inc. (1.30%), Northern Trust Corp (0.96%), AQR Capital Management LLC (0.96%) and First Eagle Investment Management LLC (0.88%). Insiders that own company stock include Daryl M Adams, Daryl M Adams, Jonathan C Douyard, Joshua A Sherbin, Michael Dinkins, Pamela L Kermisch, Ronald Edward Harbour, Stephen K Guillaume, Terri Pizzuto and Thomas R Clevinger.
View institutional ownership trends.
How do I buy shares of The Shyft Group?: Shares of SHYF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:SHYF) was last updated on 12/8/2023 by MarketBeat.com Staff

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