Spartan Motors, Inc. (SPAR) PT Raised to $20.00 at Roth Capital

The stock of Spartan Motors Inc (NASDAQ:SPAR) is a huge mover today! Spartan Motors Inc (NASDAQ:SPAR) has risen 45.41% since October 20, 2016 and is uptrending. As of the latest earnings report the EPS was $0.11 and is projected to be $0.50 for the current year with 35,093,000 shares now outstanding. They expect $0.22 earnings per share, up 120.00% or $0.12 from last year's $0.1 per share. Zacks' EPS averages are a mean average based on a survey of research firms that cover Spartan Motors. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.06 by $0.01. Spartan Motors had a net margin of 0.59% and a return on equity of 5.57%. The business had revenue of $169.70 million for the quarter, compared to the consensus estimate of $167.83 million. The firm's quarterly revenue was up 4.4% on a year-over-year basis.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum.

Seaport Global Securities began new coverage on Spartan Motors, Inc. giving the company a "buy" rating. BidaskClub cut Spartan Motors from a "strong-buy" rating to a "buy" rating in a report on Thursday, July 27th.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 3 analysts "outperform", 0 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". TheStreet downgraded shares of Spartan Motors from a "b-" rating to a "c+" rating in a research report on Thursday, August 24th.

Stock market analysts and brokers have recently amended their target prices on shares of Spartan Motors, Inc. Over the same time span, the stock marked US$16.7 as its best level and the lowest price reached was US$6.3.

Hedge funds have recently modified their holdings of the business. It dived, as 15 investors sold Spartan Motors Inc shares while 26 reduced holdings. American International Group Inc. now owns 20,470 shares of the company's stock valued at $164,000 after purchasing an additional 1,346 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in Spartan Motors in the 1st quarter valued at about $145,000. Eqis Capital Management Inc. now owns 17,871 shares of the company's stock valued at $158,000 after buying an additional 2,513 shares during the last quarter.

10/30/2013 - Spartan Motors, Inc. was downgraded to "hold" by analysts at BB&T Capital Markets. Metropolitan Life Insurance Co. NY now owns 25,563 shares of the company's stock valued at $205,000 after purchasing an additional 2,776 shares during the period. Finally, Voya Investment Management LLC lifted its stake in Spartan Motors by 18.9% during the 2nd quarter. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company.

The stock is trading at $16.05 which is impressively higher than $11.28, the stock's 50 day moving average and quite a bit above the 200 day moving average of $9.29. First Manhattan Company stated it has 111,630 shares. The company has a market cap of $580.79 million, a PE ratio of 154.67 and a beta of 1.16. Spartan Motors has a 12 month low of $6.30 and a 12 month high of $16.70. The Company's Specialty Chassis and Vehicles segment consists of the operations of Spartan Motors Chassis, Inc.

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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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