Spartan Motors (SPAR) – Analysts’ Recent Ratings Updates
A number of research firms have changed their ratings and price targets for Spartan Motors (NASDAQ: SPAR):
- 8/5/2017 – Spartan Motors was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “Spartan is a leading designer, engineer and manufacturer of custom heavy-duty chassis. The Company’s chassis consist of a frame assembly, engine, transmission, electrical systems, running gear (wheels, tires, axles, suspension and brakes) and, for some applications, a cab. The Company’s customers are original equipment manufacturers (OEMs) who complete their vehicle product by mounting the body or apparatus on a Spartan chassis. “
- 8/3/2017 – Spartan Motors was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 8/1/2017 – Spartan Motors was given a new $12.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
- 7/27/2017 – Spartan Motors was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
Shares of Spartan Motors, Inc. (NASDAQ:SPAR) opened at 9.20 on Wednesday. Spartan Motors, Inc. has a 52 week low of $6.30 and a 52 week high of $10.50. The firm’s 50-day moving average is $8.81 and its 200 day moving average is $8.24. The firm has a market cap of $323.16 million, a PE ratio of 85.98 and a beta of 1.11.
Spartan Motors (NASDAQ:SPAR) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Spartan Motors had a return on equity of 5.57% and a net margin of 0.59%. The business had revenue of $169.70 million during the quarter, compared to analysts’ expectations of $167.83 million. During the same quarter last year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that Spartan Motors, Inc. will post $0.50 EPS for the current year.
Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment.
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