Spartan Motors Inc (SPAR) is Initiated by Craig Hallum to Buy, Price Target at $12

Spartan Motors Inc (SPAR) was Initiated by Craig Hallum to “Buy” and the brokerage firm has set the Price Target at $12. Craig Hallum advised their investors in a research report released on Jul 26, 2016.

On the company’s financial health, Spartan Motors Inc reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.05. The company had revenue of $133.70 million for the quarter, compared to analysts expectations of $132.40 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Spartan Motors Inc closed down -0.01 points or -0.14% at $7.14 with 3,68,423 shares getting traded on Wednesday. Post opening the session at $7.13, the shares hit an intraday low of $6.89 and an intraday high of $7.17 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 12, 2016, Ronald Edward Harbour (director) sold 2,000 shares at $5.89 per share price. According to the SEC, on May 11, 2016, Frederick J. Sohm (CFO) purchased 5,000 shares at $5.65 per share price. On May 10, 2016, Richard R Current (director) purchased 3,083 shares at $5.60 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Delivery and Service Vehicles segment manufactures delivery and service vehicles through the Company’s subsidiary Utilimaster Corporation (Utilimaster). The Company’s Specialty Chassis and Vehicles segment consists of the operations of Spartan Motors Chassis Inc. (Spartan Chassis) that engineer and manufacture motor home chassis defense vehicles and other specialty chassis and distribute related aftermarket parts and assemblies. The Company markets its products under brands such as Spartan ERV Aeromaster Trademaster Metromaster and Utilivan.

Spartan Motors Inc

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