DA Davidson initiated coverage on Shyft Group with a new price target
$SHYF
Auto Manufacturing
Consumer Discretionary
DA Davidson initiated coverage of Shyft Group with a rating of Buy and set a new price target of $50.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/29/2024 | $12.00 → $18.00 | Neutral → Buy | DA Davidson |
| 10/27/2023 | Buy → Neutral | BTIG Research | |
| 7/28/2023 | $32.00 → $16.00 | Buy → Neutral | DA Davidson |
| 1/19/2023 | $40.00 | Buy | BTIG Research |
| 7/13/2022 | $32.00 → $38.00 | Neutral → Buy | DA Davidson |
| 4/6/2022 | Buy → Neutral | DA Davidson | |
| 2/25/2022 | $57.00 | Outperform → Strong Buy | Raymond James |
| 11/5/2021 | $50.00 → $55.00 | Buy | DA Davidson |
4 - SHYFT GROUP, INC. (0000743238) (Issuer)
4 - SHYFT GROUP, INC. (0000743238) (Issuer)
4 - SHYFT GROUP, INC. (0000743238) (Issuer)
Shyft Group (NASDAQ:SHYF) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.09 by 77.78 percent. This is a 36 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $192.78 million which missed the analyst consensus estimate of $201.47 million by 4.31 percent. This is a 14.36 percent decrease over sales of $225.10 million the same period last year.
The ITU acquisition aligns with Shyft's Specialty Vehicles infrastructure focused growth strategy.
DA Davidson upgraded The Shyft Group from Neutral to Buy and set a new price target of $18.00 from $12.00 previously
BTIG Research downgraded The Shyft Group from Buy to Neutral
DA Davidson downgraded The Shyft Group from Buy to Neutral and set a new price target of $16.00 from $32.00 previously
NOVI, Mich., Oct. 30, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors authorized a cash dividend of $0.05 per share of common stock. The Michigan-based manufacturer reported that its quarterly dividend will be payable on December 16, 2024 to shareholders of record as of the close of business on November 15, 2024. About The Shyft Group The Shyft Grou
NOVI, Mich., Oct. 28, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced strategic partnerships with Allegiance Trucks, LLC, and Ascendance Trucks, LLC, to establish dealer sales and service for the Blue Arc™ Class 4 all-electric truck. These agreements expand Blue Arc's dealer network in the Northeast region, enhancing its reach and accessibility in the commercial EV market. "At The Shyft Group, we are comm
Expanded gross margin to 20.4%, up 210 basis points year-over-yearBlue Arc Class 4 vehicle now in production with first customer deliveries expected in the fourth quarterMaintained full year 2024 adjusted EBITDA outlook of $45 to $50 million; positioned for significant profit growth in 2025NOVI, Mich., Oct. 24, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle markets, today reported operating results for the third quarter ending September 30, 2024.
NOVI, Mich., July 25, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service markets, today announced it acquired Independent Truck Upfitters (ITU), a leading service body and work truck upfitter based in the Midwest. "We are thrilled to welcome ITU to the Shyft Group family. ITU's unique products and capabilities are a fantastic complement to our existing portfolio, allowing us to offer even greater value to our collective customers," said John Dunn, Pr
NOVI, Mich., March 06, 2024 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ:SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, was selected to join the Ford Pro™ Upfitter program, created to provide a seamless end-to-end experience for mutual customers. This designation underscores Shyft's coast-to-coast footprint and reinforces the importance of the collective expertise of Shyft's diverse brand portfolio, promoting cross-brand synergies that drive specialized, customer-focused solutions. "We are thrilled to be named a Ford Pro Upfitter, which is a natural outcome of our long collabo
NOVI, Mich., Jan. 09, 2024 (GLOBE NEWSWIRE) -- The Shyft Group (NASDAQ:SHYF) ("Shyft" or "the Company"), the North American leader in specialty vehicle manufacturing, announced that it has appointed Jacob Farmer as President of Fleet Vehicles and Services (FVS), effective today, reporting to John Dunn, President and CEO. In his new role, Farmer is responsible for FVS operations and implementing the business's strategic vision. Farmer previously served as President of Shyft's Specialty Vehicles (SV) business. "Since joining Shyft in July 2023, Jacob's strong operational and people leadership has positioned SV for sustained growth and success," said Dunn. "Given near term parcel market ch
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NOVI, Mich., Oct. 30, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced that its Board of Directors authorized a cash dividend of $0.05 per share of common stock. The Michigan-based manufacturer reported that its quarterly dividend will be payable on December 16, 2024 to shareholders of record as of the close of business on November 15, 2024. About The Shyft Group The Shyft Grou
Expanded gross margin to 20.4%, up 210 basis points year-over-yearBlue Arc Class 4 vehicle now in production with first customer deliveries expected in the fourth quarterMaintained full year 2024 adjusted EBITDA outlook of $45 to $50 million; positioned for significant profit growth in 2025NOVI, Mich., Oct. 24, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly and upfit for the commercial, retail and service specialty vehicle markets, today reported operating results for the third quarter ending September 30, 2024.
NOVI, Mich., Oct. 10, 2024 /PRNewswire/ -- The Shyft Group, Inc. (NASDAQ:SHYF) ("Shyft" or the "Company"), the North American leader in specialty vehicle manufacturing, assembly, and upfit for ecommerce-driven parcel delivery, as well as the broader commercial, retail, and service specialty vehicle markets, will announce its third quarter 2024 financial results prior to the market opening on Thursday, October 24, 2024. A conference call and webcast will begin at 8:30 A.M. Eastern Time. Teleconference and webcast access:A listen-only presentation, supporting materials, and repl
10-Q - SHYFT GROUP, INC. (0000743238) (Filer)
8-K - SHYFT GROUP, INC. (0000743238) (Filer)
10-Q - SHYFT GROUP, INC. (0000743238) (Filer)
4 - SHYFT GROUP, INC. (0000743238) (Issuer)
4 - SHYFT GROUP, INC. (0000743238) (Issuer)
4 - SHYFT GROUP, INC. (0000743238) (Issuer)