NASDAQ:SHYF The Shyft Group - SHYF Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding The Shyft Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $33.29 +1.00 (+3.10%) (As of 01/31/2023 05:32 PM ET) Add Compare Share Share Today's Range$32.13▼$33.3550-Day Range$22.79▼$32.9352-Week Range$17.66▼$46.55Volume174,730 shsAverage Volume233,171 shsMarket Capitalization$1.17 billionP/E Ratio30.54Dividend Yield0.61%Price Target$39.33 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media The Shyft Group MarketRank™ ForecastAnalyst RatingBuy3.33 Rating ScoreUpside/Downside18.5% Upside$39.33 Price TargetShort InterestBearish3.51% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.46Based on 5 Articles This WeekInsider TradingSelling Shares$367,650 Sold Last QuarterProj. Earnings Growth90.72%From $0.97 to $1.85 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.2.53 out of 5 starsAuto/Tires/Trucks Sector18th out of 100 stocksMotor Vehicles & Car Bodies Industry6th out of 33 stocks 2.7 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 $39.33, The Shyft Group has a forecasted upside of 18.5% from its current price of $33.19.Amount of Analyst CoverageThe Shyft Group has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.51% 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 5.1.Change versus previous monthShort interest in The Shyft Group has recently increased by 11.88%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldThe Shyft Group has a dividend yield of 0.61%, 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 18.35%. 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 10.81% 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 3.6 News and Social Media Coverage News SentimentThe Shyft Group has a news sentiment score of 1.46. 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 is a higher news sentiment than the 0.51 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 5 news articles for The Shyft Group this week, compared to 1 article on an average week.Search Interest3 people have searched for SHYF on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 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 $367,650.00 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 90.72% in the coming year, from $0.97 to $1.85 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of The Shyft Group is 30.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.01.Price to Earnings Ratio vs. SectorThe P/E ratio of The Shyft Group is 30.45, 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 21.76.Price to Book Value per Share RatioThe Shyft Group has a P/B Ratio of 4.40. 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 HeadlinesJanuary 31, 2023 | finance.yahoo.comOshkosh (OSK) Q4 Earnings Lag EstimatesJanuary 31, 2023 | finance.yahoo.comLas Vegas, Electrified: Shyft Leadership to Present on Blue Arc EV and Reducing Transportation Emissions at Manifest 2023January 31, 2023 | Investing Trends (Ad)Without Graphite, There Would Be ZERO EV Batteries!Investors constantly hear that lithium is the key to powering the transition to green energy. Truth is, today's EV batteries contain more graphite in volume than any other essential ingredients.January 30, 2023 | finance.yahoo.comWhat Does The Shyft Group, Inc.'s (NASDAQ:SHYF) Share Price Indicate?January 23, 2023 | finance.yahoo.comThe Shyft Group to Announce Fourth Quarter and Full-Year 2022 Financial Results on February 23, 2023January 18, 2023 | finance.yahoo.comRed Diamond™ Aftermarket Solutions Introduces New Line of KONI® Premium Shocks at the 2023 Florida RV SuperShowJanuary 17, 2023 | finance.yahoo.comSpartan® RV Chassis Brings a Legacy of Innovation to the Florida RV SuperShowJanuary 16, 2023 | finance.yahoo.comGreat week for The Shyft Group, Inc. (NASDAQ:SHYF) institutional investors after losing 35% over the previous yearJanuary 31, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.December 25, 2022 | finance.yahoo.comIs There An Opportunity With The Shyft Group, Inc.'s (NASDAQ:SHYF) 42% Undervaluation?December 19, 2022 | technews.tmcnet.comSpruce Power Announces Actions to Exit Legacy XL Fleet Drivetrain BusinessDecember 19, 2022 | marketwatch.comSpruce Power to Exit Drivetrain Business; Battery Inventory and Hybrid Tech Sold to RMA GroupDecember 14, 2022 | finance.yahoo.comThe Shyft Group Appoints John Dunn as President, Fleet Vehicles and ServicesNovember 29, 2022 | finance.yahoo.comThe Shyft Group to present at the Barclays Global Automotive and Mobility Tech ConferenceNovember 17, 2022 | finance.yahoo.comThe Shyft Group’s Blue Arc Power Cube Recognized By Fast Company’s “Next Big Things In Tech” ListNovember 14, 2022 | finance.yahoo.comThe Shyft Group to Attend the Deutsche Bank 2022 Industrials Conference and the 13th Annual Craig-Hallum Alpha Select ConferenceNovember 8, 2022 | finance.yahoo.comShyft Group Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues LagNovember 4, 2022 | finance.yahoo.comHunting for Undervalued, Overlooked Stocks? Analysts Suggest 2 Names to BuyNovember 4, 2022 | finance.yahoo.comThe Shyft Group to Present at the 2022 Baird Global Industrial ConferenceOctober 27, 2022 | seekingalpha.comThe Shyft Group, Inc. (SHYF) Q3 2022 Earnings Call TranscriptOctober 27, 2022 | finance.yahoo.comThe Shyft Group Reports Third Quarter 2022 ResultsOctober 27, 2022 | finance.yahoo.comThe Shyft Group (SHYF) Surpasses Q3 Earnings and Revenue EstimatesOctober 26, 2022 | finance.yahoo.comThe Shyft Group Releases 2022 Sustainability ReportOctober 26, 2022 | finance.yahoo.comModine Selected to Supply Thermal Management Solution for Shyft Group Blue Arc Commercial EVOctober 25, 2022 | finance.yahoo.comLCI (LCII) Expected to Beat Earnings Estimates: Can the Stock Move Higher?October 13, 2022 | finance.yahoo.comThe Shyft Group to Announce Third Quarter 2022 Financial Results on October 27October 4, 2022 | finance.yahoo.comKey Stakeholders Experience the Shyft Group’s Blue Arc Commercial Grade EV Ecosystem With Best in Class Mobility Technology at M1 ConcourseSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings11/04/2021Ex-Dividend for 12/15 Dividend11/15/2022Dividend Payable12/15/2022Today1/31/2023Next Earnings (Confirmed)2/23/2023Fiscal 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) 543-6400Fax517-543-5403Employees3,800Year FoundedN/APrice Target and Rating Average Stock Price Forecast$39.33 High Stock Price Forecast$40.00 Low Stock Price Forecast$38.00 Forecasted Upside/Downside+18.2%Consensus RatingBuy Rating Score (0-4)3.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.09 Trailing P/E Ratio30.54 Forward P/E Ratio34.32 P/E GrowthN/ANet Income$68.93 million Net Margins3.91% Pretax Margin4.10% Return on Equity15.42% Return on Assets7.72% Debt Debt-to-Equity Ratio0.26 Current Ratio1.76 Quick Ratio1.16 Sales & Book Value Annual Sales$991.79 million Price / Sales1.18 Cash Flow$2.24 per share Price / Cash Flow14.83 Book Value$7.55 per share Price / Book4.41Miscellaneous Outstanding Shares35,070,000Free Float34,278,000Market Cap$1.17 billion OptionableOptionable Beta1.75 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 CompetitorsProterraNASDAQ:PTRANikolaNASDAQ:NKLALion ElectricNYSE:LEVNiu TechnologiesNASDAQ:NIUFaraday Future Intelligent ElectricNASDAQ:FFIEView All CompetitorsInsiders & InstitutionsJames Investment Research Inc.Bought 2,772 shares on 1/30/2023Ownership: 0.018%Rice Hall James & Associates LLCSold 4,044 shares on 1/27/2023Ownership: 0.271%Ziegler Capital Management LLCSold 12,199 shares on 1/24/2023Ownership: 1.081%Allspring Global Investments Holdings LLCSold 14,723 shares on 1/23/2023Ownership: 0.568%Kirr Marbach & Co. LLC INBought 3,173 shares on 1/20/2023Ownership: 0.644%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 year. 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 analysts have issued twelve-month price objectives for The Shyft Group's shares. Their SHYF share price forecasts range from $38.00 to $40.00. On average, they expect the company's share price to reach $39.33 in the next year. This suggests a possible upside of 19.5% 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 increased by 32.4% and is now trading at $32.92. 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 23rd 2023. View our SHYF earnings forecast. How can I listen to The Shyft Group's earnings call? The Shyft Group will be holding an earnings conference call on Thursday, February 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were The Shyft Group's earnings last quarter? The Shyft Group, Inc. (NASDAQ:SHYF) posted its earnings results on Thursday, November, 4th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.09. The business earned $272.60 million during the quarter, compared to analyst estimates of $247.60 million. The Shyft Group had a trailing twelve-month return on equity of 15.42% and a net margin of 3.91%. The firm's revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. 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, November 1st. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.05 per share on Thursday, December 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, 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 0.61%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHYF will have a dividend payout ratio of 10.81% 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 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $1.02-$1.24 for the period, compared to the consensus EPS estimate of $1.07. The company issued revenue guidance of $1.00 billion-$1.10 billion, compared to the consensus revenue estimate of $1.02 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 a number of institutional and retail investors. Top institutional shareholders include Ziegler Capital Management LLC (1.08%), Congress Asset Management Co. MA (0.90%), Kirr Marbach & Co. LLC IN (0.64%), Allspring Global Investments Holdings LLC (0.57%), Sequoia Financial Advisors LLC (0.27%) and Rice Hall James & Associates LLC (0.27%). 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 $32.92. How much money does The Shyft Group make? The Shyft Group (NASDAQ:SHYF) has a market capitalization of $1.15 billion and generates $991.79 million in revenue each year. The company earns $68.93 million in net income (profit) each year or $1.09 on an earnings per share basis. How many employees does The Shyft Group have? The company employs 3,800 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 1/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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