Craig Hallum Analysts Give Spartan Motors, Inc. (SPAR) a $20.00 Price Target
Spartan Motors, Inc. (NASDAQ:SPAR) received a $20.00 price objective from analysts at Craig Hallum in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price target would suggest a potential upside of 36.05% from the company’s previous close.
Other research analysts have also recently issued reports about the company. BidaskClub cut Spartan Motors from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut Spartan Motors from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. TheStreet cut Spartan Motors from a “b-” rating to a “c+” rating in a research note on Thursday, August 24th. Finally, Roth Capital set a $12.00 target price on Spartan Motors and gave the company a “buy” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $13.50.
Spartan Motors (SPAR) traded up 7.89% during trading on Friday, hitting $15.86. The company had a trading volume of 580,608 shares. The firm has a 50-day moving average of $10.52 and a 200 day moving average of $9.06. The company has a market capitalization of $556.57 million, a price-to-earnings ratio of 148.22 and a beta of 1.16. Spartan Motors has a 12-month low of $6.30 and a 12-month high of $16.25.
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Large investors have recently bought and sold shares of the business. Marshall Wace North America L.P. acquired a new position in Spartan Motors in the first quarter valued at about $145,000. MARSHALL WACE ASIA Ltd acquired a new position in Spartan Motors in the first quarter valued at about $145,000. Eqis Capital Management Inc. grew its stake in Spartan Motors by 16.4% in the second quarter. Eqis Capital Management Inc. now owns 17,871 shares of the company’s stock valued at $158,000 after acquiring an additional 2,513 shares during the period. American International Group Inc. grew its stake in Spartan Motors by 7.0% in the first quarter. American International Group Inc. now owns 20,470 shares of the company’s stock valued at $164,000 after acquiring an additional 1,346 shares during the period. Finally, Voya Investment Management LLC grew its stake in Spartan Motors by 18.9% in the second quarter. Voya Investment Management LLC now owns 19,185 shares of the company’s stock valued at $170,000 after acquiring an additional 3,049 shares during the period. 66.78% of the stock is owned by hedge funds and other institutional investors.
Spartan Motors Company Profile
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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