NASDAQ:SHYF The Shyft Group (SHYF) Stock Forecast, Price & News $25.29 +1.04 (+4.29%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$24.58▼$25.3350-Day Range$21.01▼$25.3752-Week Range$17.66▼$34.10Volume235,665 shsAverage Volume160,713 shsMarket Capitalization$883.13 millionP/E Ratio21.25Dividend Yield0.79%Price Target$34.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media The Shyft Group MarketRank™ ForecastAnalyst RatingBuy3.33 Rating ScoreUpside/Downside34.4% Upside$34.00 Price TargetShort InterestBearish3.31% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.61Based on 7 Articles This WeekInsider TradingSelling Shares$159,980 Sold Last QuarterProj. Earnings Growth50.43%From $1.17 to $1.76 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.75 out of 5 starsAuto/Tires/Trucks Sector8th out of 101 stocksMotor Vehicles & Car Bodies Industry2nd out of 32 stocks 3.7 Analyst's Opinion Consensus RatingThe Shyft Group has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $34.00, The Shyft Group has a forecasted upside of 34.4% from its current price of $25.29.Amount of Analyst CoverageThe Shyft Group has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.31% of the float of The Shyft Group has been sold short.Short Interest Ratio / Days to CoverThe Shyft Group has a short interest ratio ("days to cover") of 4.3.Change versus previous monthShort interest in The Shyft Group has recently increased by 0.97%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldThe Shyft Group has a dividend yield of 0.79%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthThe Shyft Group has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of The Shyft Group is 16.81%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, The Shyft Group will have a dividend payout ratio of 11.36% next year. This indicates that The Shyft Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SHYF. Previous Next 2.6 News and Social Media Coverage News SentimentThe Shyft Group has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 7 news articles for The Shyft Group this week, compared to 2 articles on an average week.MarketBeat Follows1 people have added The Shyft Group to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, The Shyft Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $159,980.00 in company stock.Percentage Held by InsidersOnly 2.26% of the stock of The Shyft Group is held by insiders.Percentage Held by Institutions80.17% 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for The Shyft Group are expected to grow by 50.43% in the coming year, from $1.17 to $1.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of The Shyft Group is 21.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.81.Price to Earnings Ratio vs. SectorThe P/E ratio of The Shyft Group is 21.25, 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 17.13.Price to Book Value per Share RatioThe Shyft Group has a P/B Ratio of 3.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About The Shyft Group (NASDAQ:SHYF) StockThe Shyft Group, 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 Fleet Vehicles and Services, and Specialty Vehicles segments. The Fleet Vehicles and Services segment manufactures commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, mobile retail, and trades and construction industries. The Specialty Vehicles segment deals with the engineering and manufacturing diesel motor home chassis, the provision of specialty vehicles and other commercial vehicles, and the distribution of 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 Novi, MI.Read More Receive SHYF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for The Shyft Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SHYF Stock News HeadlinesJune 3, 2023 | finance.yahoo.comAre Investors Undervaluing The Shyft Group, Inc. (NASDAQ:SHYF) By 23%?June 2, 2023 | finance.yahoo.comElectrifying medium-duty trucks is a class actJune 4, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 30, 2023 | finance.yahoo.comUPDATE 1-Shyft Group's new Blue Arc launching medium-duty electric vans, trucksMay 30, 2023 | finance.yahoo.com15 Most Undervalued Growth Stocks To Buy According To AnalystsMay 30, 2023 | finance.yahoo.comShyft Group's new Blue Arc launching medium-duty electric vans, trucksMay 25, 2023 | seekingalpha.comThe Shyft Group: Right Time To InvestMay 24, 2023 | finance.yahoo.comSpartan® RV Chassis Connected Coach® Technology Now Featured on All Entegra Class A Diesel Luxury Motorcoaches for 2024 Model YearJune 4, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 15, 2023 | americanbankingnews.comThe Shyft Group, Inc. Plans Quarterly Dividend of $0.05 (NASDAQ:SHYF)May 10, 2023 | finance.yahoo.comBlue Arc EV Delivery Vans Win 2023 Green Car Product of Excellence AwardMay 3, 2023 | americanbankingnews.comThe Shyft Group (NASDAQ:SHYF) Shares Gap Down to $25.08May 3, 2023 | americanbankingnews.comBrokers Set Expectations for The Shyft Group, Inc.'s Q2 2023 Earnings (NASDAQ:SHYF)May 2, 2023 | marketwatch.comThe Shyft Group to Highlight Market-Ready Blue Arc(TM) EV Delivery Vans at ACT Expo 2023May 1, 2023 | markets.businessinsider.comBTIG Keeps Their Buy Rating on Shyft Group (SHYF)May 1, 2023 | finance.yahoo.comThe Shyft Group to Highlight Market-Ready Blue Arc™ EV Delivery Vans at ACT Expo 2023April 29, 2023 | americanbankingnews.comThe Shyft Group (NASDAQ:SHYF) Shares Up 5.7%April 28, 2023 | finance.yahoo.comQ1 2023 Shyft Group Inc Earnings CallApril 27, 2023 | finanznachrichten.deThe Shyft Group, Inc.: The Shyft Group Reports First Quarter 2023 ResultsApril 27, 2023 | finance.yahoo.comThe Shyft Group Reports First Quarter 2023 ResultsApril 25, 2023 | americanbankingnews.comThe Shyft Group (SHYF) Set to Announce Quarterly Earnings on ThursdayApril 13, 2023 | finance.yahoo.comThe Shyft Group to Announce First Quarter 2023 Financial Results on April 27, 2023April 11, 2023 | finance.yahoo.comReturn Trends At Shyft Group (NASDAQ:SHYF) Aren't AppealingApril 4, 2023 | finance.yahoo.comThe Shyft Group Achieves CARB Approval for Blue Arc™ EV Delivery VansMarch 29, 2023 | finance.yahoo.comThe Shyft Group Reports Damage to Montebello, California, FacilityMarch 23, 2023 | seekingalpha.comThe Shyft Group (SHYF) Presents At 35th Annual Roth Conference - SlideshowMarch 21, 2023 | finance.yahoo.comPamela Kermisch Joins Shyft Group’s Board of DirectorsSee More Headlines SHYF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SHYF Company Calendar Ex-Dividend for 3/17 Dividend2/16/2023Dividend Payable3/17/2023Last Earnings4/27/2023Ex-Dividend for 6/20 Dividend5/16/2023Today6/04/2023Dividend Payable6/20/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Motor vehicles & car bodies Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNASDAQ:SHYF CUSIPN/A CIK743238 Webwww.spartanmotors.com Phone(517) 543-6400Fax517-543-5403Employees4,200Year FoundedN/APrice Target and Rating Average Stock Price Forecast$34.00 High Stock Price Forecast$40.00 Low Stock Price Forecast$30.00 Forecasted Upside/Downside+34.4%Consensus RatingBuy Rating Score (0-4)3.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.19 Trailing P/E Ratio21.25 Forward P/E Ratio21.62 P/E GrowthN/ANet Income$36.56 million Net Margins3.96% Pretax Margin4.87% Return on Equity17.50% Return on Assets8.08% Debt Debt-to-Equity Ratio0.25 Current Ratio1.77 Quick Ratio1.16 Sales & Book Value Annual Sales$1.03 billion Price / Sales0.86 Cash Flow$1.50 per share Price / Cash Flow16.82 Book Value$7.36 per share Price / Book3.44Miscellaneous Outstanding Shares34,920,000Free Float34,126,000Market Cap$883.13 million OptionableOptionable Beta2.01 Key ExecutivesDaryl M. AdamsPresident, Chief Executive Officer & DirectorTodd A. HeavinChief Operating OfficerJonathan C. DouyardChief Financial OfficerAndrew AndersonChief Information OfficerJoshua Alan SherbinSecretary, Chief Legal & Compliance OfficerKey CompetitorsLion ElectricNYSE:LEVNikolaNASDAQ:NKLAFaraday Future Intelligent ElectricNASDAQ:FFIENiu TechnologiesNASDAQ:NIUProterraNASDAQ:PTRAView All CompetitorsInsiders & InstitutionsPutnam Investments LLCSold 3,921 shares on 5/22/2023Ownership: 0.043%Centaurus Financial Inc.Sold 29,830 shares on 5/18/2023Ownership: 1.244%New York State Common Retirement FundSold 7,193 shares on 5/18/2023Ownership: 0.051%First Trust Advisors LPBought 10,482 shares on 5/16/2023Ownership: 0.819%Susquehanna Fundamental Investments LLCSold 7,642 shares on 5/16/2023Ownership: 0.057%View All Insider TransactionsView All Institutional Transactions SHYF Stock - Frequently Asked Questions Should I buy or sell The Shyft Group stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Shyft Group in the last twelve months. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SHYF shares. View SHYF analyst ratings or view top-rated stocks. What is The Shyft Group's stock price forecast for 2023? 3 brokerages have issued 12 month price targets for The Shyft Group's shares. Their SHYF share price forecasts range from $30.00 to $40.00. On average, they anticipate the company's stock price to reach $34.00 in the next twelve months. This suggests a possible upside of 34.4% 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 at the beginning of the year. Since then, SHYF stock has increased by 1.7% and is now trading at $25.29. 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, July 27th 2023. 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, April, 27th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.13. The company had revenue of $243.44 million for the quarter, compared to the consensus estimate of $218.55 million. The Shyft Group had a trailing twelve-month return on equity of 17.50% and a net margin of 3.96%. How often does The Shyft Group pay dividends? What is the dividend yield for The Shyft Group? The Shyft Group declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Wednesday, May 17th will be given a dividend of $0.05 per share on Tuesday, June 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, May 16th. Read our dividend analysis for SHYF. What ETFs hold The Shyft Group's stock? ETFs with the largest weight of The Shyft Group (NASDAQ:SHYF) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco Raymond James SB-1 Equity ETF (RYJ), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Invesco DWA SmallCap Momentum ETF (DWAS), iShares Micro-Cap ETF (IWC), 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 0.79%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHYF will have a dividend payout ratio of 11.36% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SHYF. What guidance has The Shyft Group issued on next quarter's earnings? The Shyft Group updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.98-$1.60 for the period, compared to the consensus EPS estimate of $1.34. The company issued revenue guidance of $1.00 billion-$1.20 billion, compared to the consensus revenue estimate of $1.11 billion. 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), Navidea Biopharmaceuticals (NAVB), PennyMac Financial Services (PFSI), QUALCOMM (QCOM), Teladoc Health (TDOC) and Taiwan Semiconductor Manufacturing (TSM). What is The Shyft Group's stock symbol? The Shyft Group trades on the NASDAQ under the ticker symbol "SHYF." Who are The Shyft Group's major shareholders? The Shyft Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.76%), GW&K Investment Management LLC (4.38%), abrdn plc (4.29%), Dimensional Fund Advisors LP (3.51%), Zuckerman Investment Group LLC (2.51%) and Summit Creek Advisors LLC (2.12%). Insiders that own company stock include Daryl M Adams, Daryl M Adams, Michael Dinkins, Ronald Edward Harbour, Stephen K Guillaume 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. What is The Shyft Group's stock price today? One share of SHYF stock can currently be purchased for approximately $25.29. How much money does The Shyft Group make? The Shyft Group (NASDAQ:SHYF) has a market capitalization of $883.13 million and generates $1.03 billion in revenue each year. The company earns $36.56 million in net income (profit) each year or $1.19 on an earnings per share basis. How many employees does The Shyft Group have? The company employs 4,200 workers across the globe. How can I contact The Shyft Group? The Shyft Group's mailing address is 41280 BRIDGE STREET, NOVI MI, 48375. The official website for the company is www.spartanmotors.com. The company can be reached via phone at (517) 543-6400, via email at mail@lambert-edwards.com, or via fax at 517-543-5403. This page (NASDAQ:SHYF) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding The Shyft Group, Inc. 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