Spartan Motors (NASDAQ:SPAR) had its price objective boosted by equities researchers at Craig Hallum from $12.00 to $15.00 in a report issued on Tuesday, The Fly reports. Craig Hallum’s price target points to a potential upside of 26.37% from the stock’s current price.
A number of other brokerages have also commented on SPAR. Roth Capital reiterated a “buy” rating on shares of Spartan Motors in a research report on Friday, May 24th. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Finally, ValuEngine upgraded Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Spartan Motors presently has an average rating of “Buy” and a consensus price target of $12.67.
Shares of SPAR stock opened at $11.87 on Tuesday. The stock has a 50-day moving average price of $9.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.14 and a current ratio of 1.69. The firm has a market capitalization of $407.24 million, a price-to-earnings ratio of 24.73 and a beta of 1.55. Spartan Motors has a 12 month low of $6.70 and a 12 month high of $16.10.
Spartan Motors (NASDAQ:SPAR) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $234.00 million during the quarter, compared to analyst estimates of $204.90 million. Spartan Motors had a return on equity of 8.21% and a net margin of 1.39%. The company’s revenue was up 35.3% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. On average, analysts expect that Spartan Motors will post 0.61 EPS for the current year.
In other news, insider Daryl M. Adams sold 12,500 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $10.99, for a total transaction of $137,375.00. Following the completion of the transaction, the insider now directly owns 652,175 shares in the company, valued at approximately $7,167,403.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 37,500 shares of company stock valued at $375,250 over the last 90 days. Corporate insiders own 4.22% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in shares of Spartan Motors by 54,830.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,141 shares of the company’s stock worth $63,000 after buying an additional 7,128 shares during the period. Citigroup Inc. grew its position in shares of Spartan Motors by 17.0% during the 4th quarter. Citigroup Inc. now owns 10,989 shares of the company’s stock worth $79,000 after buying an additional 1,593 shares during the period. Metropolitan Life Insurance Co. NY grew its position in shares of Spartan Motors by 374.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,765 shares of the company’s stock worth $85,000 after buying an additional 9,283 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Spartan Motors during the 4th quarter worth about $122,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of Spartan Motors during the 1st quarter worth about $298,000. Institutional investors own 65.68% of the company’s stock.
Spartan Motors Company Profile
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.
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