Fintel reports that on January 15, 2025, DA Davidson upgraded their outlook for Shyft Group (NasdaqGS:SHYF) from Neutral to Buy.
Analyst Price Forecast Suggests 45.16% Upside
As of December 23, 2024, the average one-year price target for Shyft Group is $15.30/share. The forecasts range from a low of $14.14 to a high of $16.80. The average price target represents an increase of 45.16% from its latest reported closing price of $10.54 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Shyft Group is 1,482MM, an increase of 88.29%. The projected annual non-GAAP EPS is 4.35.
What is the Fund Sentiment?
There are 360 funds or institutions reporting positions in Shyft Group. This is an increase of 16 owner(s) or 4.65% in the last quarter. Average portfolio weight of all funds dedicated to SHYF is 0.07%, an increase of 17.95%. Total shares owned by institutions decreased in the last three months by 1.18% to 35,609K shares. 
The put/call ratio of SHYF is 3.12, indicating a bearish outlook.
What are Other Shareholders Doing?
Pzena Investment Management holds 3,100K shares representing 8.99% ownership of the company. In its prior filing, the firm reported owning 3,244K shares , representing a decrease of 4.65%. The firm decreased its portfolio allocation in SHYF by 8.47% over the last quarter.
T. Rowe Price Investment Management holds 2,023K shares representing 5.87% ownership of the company. In its prior filing, the firm reported owning 1,036K shares , representing an increase of 48.79%. The firm increased its portfolio allocation in SHYF by 97.41% over the last quarter.
PRSVX - T. Rowe Price Small-Cap Value Fund holds 1,290K shares representing 3.74% ownership of the company. In its prior filing, the firm reported owning 640K shares , representing an increase of 50.42%. The firm increased its portfolio allocation in SHYF by 98.75% over the last quarter.
Zuckerman Investment Group holds 1,277K shares representing 3.70% ownership of the company. In its prior filing, the firm reported owning 1,260K shares , representing an increase of 1.37%. The firm decreased its portfolio allocation in SHYF by 4.65% over the last quarter.
D. E. Shaw holds 1,033K shares representing 2.99% ownership of the company. In its prior filing, the firm reported owning 1,273K shares , representing a decrease of 23.26%. The firm decreased its portfolio allocation in SHYF by 21.20% over the last quarter.
Shyft Group Inc Background Information
(This description is provided by the company.)
Spartan RV Chassis is a part of The Shyft Group family of brands. The Shyft Group is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business units: Shyft Fleet Vehicles & Services and Shyft Specialty Vehicles. Today, its family of brands include Utilimaster, Royal Truck Body, DuraMag and Magnum, Strobes-R-Us, Spartan RV Chassis, Builtmore Contract manufacturing, and corresponding aftermarket provisions. The Shyft Group and its go-to-market brands are well known in their respective industries for quality, durability, and first-to-market innovation. The Company employs approximately 2,900 associates across campuses, and operates facilities in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported sales from continuing operations of $757 million in 2019.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
