Spartan Motors Inc (NASDAQ:SPAR) has received an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $20.00.
Several equities analysts have commented on SPAR shares. BidaskClub downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Craig Hallum set a $20.00 price objective on shares of Spartan Motors and gave the company a “buy” rating in a report on Friday, October 13th. Roth Capital upped their price objective on shares of Spartan Motors from $12.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Spartan Motors from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Friday, October 20th. Finally, ValuEngine downgraded shares of Spartan Motors from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In other Spartan Motors news, insider John W. Slawson sold 21,191 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $15.42, for a total value of $326,765.22. Following the transaction, the insider now directly owns 111,165 shares in the company, valued at $1,714,164.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.72% of the stock is owned by insiders.
Shares of Spartan Motors (NASDAQ SPAR) opened at $14.95 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. Spartan Motors has a 1 year low of $6.30 and a 1 year high of $18.10. The stock has a market cap of $521.28, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.21.
Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). Spartan Motors had a return on equity of 8.04% and a net margin of 2.15%. The firm had revenue of $189.22 million for the quarter, compared to the consensus estimate of $185.30 million. During the same period last year, the company posted $0.10 earnings per share. The business’s revenue was up 27.3% compared to the same quarter last year. equities analysts anticipate that Spartan Motors will post 0.41 EPS for the current fiscal year.
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About Spartan Motors
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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