Dougherty & Co Upgrades Spartan Motors to Buy (SPAR)
Spartan Motors (NASDAQ: SPAR) was upgraded by analysts at Dougherty & Co from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $6.50 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Barrington Research reiterated a “market perform” rating on shares of Spartan Motors in a research note to investors on Tuesday, May 1st. Analysts at Zacks downgraded shares of Spartan Motors from a “neutral” rating to an “underperform” rating in a research note to investors on Saturday, February 18th.
Spartan Motors traded down 3.40% on Wednesday, hitting $4.54. Spartan Motors has a 52-week low of $3.65 and a 52-week high of $6.77. The company’s market cap is $153.8 million.
Spartan Motors last posted its quarterly earnings results on Tuesday, May 1st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. Analysts expect that Spartan Motors will post $0.07 EPS next quarter.
Spartan Motors, Inc. is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company has five wholly owned operating subsidiaries: Spartan Motors Chassis, Inc.