Shyft Group (SHYF) Stock Forecast, Price Target & Predictions


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SHYF Stock Forecast


Shyft Group stock forecast is as follows: an average price target of $35.00 (represents a 165.15% upside from SHYF’s last price of $13.20) and a rating consensus of 'Strong Buy', based on 1 wall street analysts offering a 1-year stock forecast.

SHYF Price Target


The average price target for Shyft Group (SHYF) is $35.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $38.00 to $32.00. This represents a potential 165.15% upside from SHYF's last price of $13.20.

SHYF Analyst Ratings


Strong Buy

According to 1 Wall Street analysts, Shyft Group's rating consensus is 'Strong Buy'. The analyst rating breakdown for SHYF stock is 1 'Strong Buy' (100.00%), 0 'Buy' (0.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Shyft Group Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 29, 2022-Raymond James$32.00$24.3731.31%142.42%
Jul 19, 2022-Raymond James$29.00$20.8639.02%119.70%
Jul 13, 2022Michael ShliskyD.A. Davidson$38.00$20.0689.43%187.88%
Apr 26, 2022-Raymond James$50.00$28.6974.28%278.79%
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The latest Shyft Group stock forecast, released on Jul 29, 2022 by Raymond James company, set a price target of $32.00, which represents a 31.31% increase from the stock price at the time of the forecast ($24.37), and a 142.42% increase from SHYF last price ($13.20).

Shyft Group Price Target by Period


1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$13.20$13.20$13.20
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of Shyft Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Shyft Group's last price of $13.20. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jul 19, 2022Raymond JamesStrong BuyStrong BuyHold
Apr 26, 2022Raymond JamesStrong BuyStrong BuyHold
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Shyft Group's last stock rating was published by Raymond James on Jul 19, 2022. The company gave SHYF a "Strong Buy" rating, the same as its previous rate.

Shyft Group Financial Forecast


Shyft Group Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$201.32M$225.10M$243.44M$302.01M$286.07M$232.19M$206.88M$277.30M$272.62M$243.98M$197.89M$171.58M$203.47M$123.97M$176.95M$-14.31M$288.95M
Avg Forecast$226.39M$220.67M$210.99M$202.89M$227.38M$218.38M$212.81M$212.21M$211.31M$207.80M$201.49M$184.28M$191.54M$207.81M$256.60M$225.97M$304.44M$290.40M$223.03M$189.92M$232.48M$247.60M$241.60M$192.66M$170.49M$191.73M$141.39M$180.22M$230.00M$263.95M
High Forecast$231.36M$225.52M$215.62M$207.35M$232.37M$223.18M$217.49M$216.87M$215.95M$212.37M$201.49M$188.33M$195.75M$225.71M$262.23M$230.93M$311.13M$290.40M$223.03M$189.92M$232.48M$247.60M$241.60M$192.66M$170.49M$191.73M$141.39M$180.22M$230.00M$263.95M
Low Forecast$222.91M$217.28M$207.75M$199.77M$223.88M$215.03M$209.55M$208.95M$208.06M$204.61M$201.49M$181.45M$188.60M$183.41M$252.66M$222.50M$299.77M$290.40M$223.03M$189.92M$232.48M$247.60M$241.60M$192.66M$170.49M$191.73M$141.39M$180.22M$230.00M$263.95M
# Analysts111111122111142211112222259644
Surprise %-------------0.97%0.88%1.08%0.99%0.99%1.04%1.09%1.19%1.10%1.01%1.03%1.01%1.06%0.88%0.98%-0.06%1.09%

Shyft Group's average Quarter revenue forecast for Dec 23 based on 1 analysts is $191.54M, with a low forecast of $188.60M, and a high forecast of $195.75M. SHYF's average Quarter revenue forecast represents a -4.86% decrease compared to the company's last Quarter revenue of $201.32M (Sep 23).

Shyft Group EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111122111142211112222259644
EBITDA-------------$8.45M$6.59M$7.62M$22.94M$25.55M$10.93M$-2.58M$22.17M$31.07M$24.50M$17.99M$13.57M$28.98M$3.90M$12.23M$-17.51M$16.61M
Avg Forecast$14.61M$14.24M$13.62M$13.09M$14.67M$14.09M$13.73M$13.69M$13.64M$13.41M$13.00M$-4.04M$12.36M$13.41M$16.56M$-3.67M$19.71M$18.74M$14.39M$-3.34M$15.00M$15.98M$15.59M$16.03M$11.00M$12.37M$9.12M$8.44M$14.84M$17.03M
High Forecast$14.93M$14.55M$13.92M$13.38M$15.00M$14.40M$14.04M$14.00M$13.94M$13.70M$13.00M$-3.23M$12.63M$14.57M$16.92M$-2.94M$23.66M$18.74M$14.39M$-2.67M$15.00M$15.98M$15.59M$19.24M$11.00M$12.37M$9.12M$10.13M$14.84M$17.03M
Low Forecast$14.39M$14.02M$13.41M$12.89M$14.45M$13.88M$13.52M$13.48M$13.43M$13.20M$13.00M$-4.85M$12.17M$11.84M$16.30M$-4.41M$15.77M$18.74M$14.39M$-4.01M$15.00M$15.98M$15.59M$12.83M$11.00M$12.37M$9.12M$6.75M$14.84M$17.03M
Surprise %-------------0.63%0.40%-2.07%1.16%1.36%0.76%0.77%1.48%1.94%1.57%1.12%1.23%2.34%0.43%1.45%-1.18%0.98%

1 analysts predict SHYF's average Quarter EBITDA for Dec 23 to be $12.36M, with a high of $12.63M and a low of $12.17M. This is 46.30% upper than Shyft Group's previous annual EBITDA (Sep 23) of $8.45M.

Shyft Group Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111122111142211112222259644
Net Income-------------$4.52M$4.68M$1.71M$17.84M$17.29M$5.28M$-3.85M$20.49M$20.92M$15.96M$11.58M$7.63M$18.74M$-1.36M$7.81M$-27.82M$10.35M
Avg Forecast$9.56M$8.65M$7.20M$6.31M$8.23M$7.97M$5.46M$4.59M$5.11M$5.72M$2.60M$-5.33M$-1.93M$2.69M$7.52M$-4.84M$18.20M$15.25M$5.77M$-4.40M$16.06M$18.48M$18.27M$10.52M$8.83M$13.36M$4.48M$5.62M$12.30M$9.19M
High Forecast$9.84M$8.90M$7.40M$6.49M$8.46M$8.20M$5.61M$4.72M$5.43M$5.88M$2.67M$-4.26M$3.86M$4.03M$7.74M$-3.87M$21.84M$15.25M$5.77M$-3.52M$16.06M$18.48M$18.27M$12.63M$8.83M$13.36M$4.48M$6.75M$12.30M$9.19M
Low Forecast$9.37M$8.48M$7.05M$6.18M$8.07M$7.81M$5.35M$4.50M$4.79M$5.60M$2.55M$-6.39M$-6.76M$1.79M$7.37M$-5.81M$14.56M$15.25M$5.77M$-5.28M$16.06M$18.48M$18.27M$8.42M$8.83M$13.36M$4.48M$4.50M$12.30M$9.19M
Surprise %-------------1.68%0.62%-0.35%0.98%1.13%0.91%0.88%1.28%1.13%0.87%1.10%0.86%1.40%-0.30%1.39%-2.26%1.13%

Shyft Group's average Quarter net income forecast for Dec 23 is $-1.93M, with a range of $-6.76M to $3.86M. SHYF's average Quarter net income forecast represents a -142.76% decrease compared to the company's last Quarter net income of $4.52M (Sep 23).

Shyft Group SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111122111142211112222259644
SG&A-------------$27.42M$30.27M$32.29M$29.16M$25.03M$26.86M$26.55M$28.03M$25.37M$28.74M$24.54M$23.53M$23.52M$24.61M$21.40M$-3.73M$26.67M
Avg Forecast$25.85M$25.20M$24.09M$23.17M$25.97M$24.94M$24.30M$24.23M$24.13M$23.73M$23.01M$36.72M$21.87M$23.73M$29.30M$33.38M$24.93M$33.16M$25.47M$30.35M$26.55M$28.28M$27.59M$22.31M$19.47M$21.90M$16.15M$15.41M$26.26M$30.14M
High Forecast$26.42M$25.75M$24.62M$23.68M$26.54M$25.49M$24.84M$24.77M$24.66M$24.25M$23.01M$44.06M$22.35M$25.78M$29.95M$40.06M$29.91M$33.16M$25.47M$36.41M$26.55M$28.28M$27.59M$26.77M$19.47M$21.90M$16.15M$18.49M$26.26M$30.14M
Low Forecast$25.46M$24.81M$23.72M$22.81M$25.57M$24.56M$23.93M$23.86M$23.76M$23.37M$23.01M$29.37M$21.54M$20.94M$28.85M$26.70M$19.94M$33.16M$25.47M$24.28M$26.55M$28.28M$27.59M$17.85M$19.47M$21.90M$16.15M$12.33M$26.26M$30.14M
Surprise %-------------1.16%1.03%0.97%1.17%0.75%1.05%0.88%1.06%0.90%1.04%1.10%1.21%1.07%1.52%1.39%-0.14%0.88%

Shyft Group's average Quarter SG&A projection for Dec 23 is $21.87M, based on 1 Wall Street analysts, with a range of $21.54M to $22.35M. The forecast indicates a -20.22% fall compared to SHYF last annual SG&A of $27.42M (Sep 23).

Shyft Group EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111122111142211112222259644
EPS-------------$0.13$0.13$0.05$0.51$0.49$0.15$-0.11$0.58$0.59$0.45$0.33$0.21$0.53$-0.04$0.22$-0.79$0.29
Avg Forecast$0.28$0.25$0.21$0.18$0.24$0.23$0.16$0.13$0.15$0.17$0.07$-0.17$-0.06$0.08$0.22$0.02$0.46$0.44$0.17$-0.08$0.47$0.54$0.53$0.33$0.26$0.39$0.13$0.25$0.36$0.27
High Forecast$0.28$0.26$0.21$0.19$0.24$0.24$0.16$0.14$0.16$0.17$0.08$-0.17$0.11$0.12$0.22$0.02$0.48$0.44$0.17$-0.08$0.47$0.54$0.53$0.33$0.26$0.39$0.13$0.25$0.36$0.27
Low Forecast$0.27$0.24$0.20$0.18$0.23$0.23$0.15$0.13$0.14$0.16$0.07$-0.18$-0.20$0.05$0.21$0.02$0.45$0.44$0.17$-0.08$0.47$0.54$0.53$0.33$0.26$0.39$0.13$0.25$0.36$0.27
Surprise %-------------1.68%0.60%2.94%1.10%1.11%0.90%1.38%1.24%1.10%0.85%1.00%0.82%1.37%-0.31%0.89%-2.21%1.09%

According to 1 Wall Street analysts, Shyft Group's projected average Quarter EPS for Dec 23 is $-0.06, with a low estimate of $-0.20 and a high estimate of $0.11. This represents a -142.88% decrease compared to SHYF previous annual EPS of $0.13 (Sep 23).

Shyft Group Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SHYFShyft Group$13.20$35.00165.15%Strong Buy
CMCOColumbus McKinnon$31.42$49.0055.95%-
MTWManitowoc Company$8.63$12.7547.74%Buy
HYHyster-Yale Materials Handling$62.68$90.0043.59%Buy
AGCOAGCO$97.87$137.7940.79%Hold
ALGAlamo Group$183.27$215.0017.31%Buy
LNNLindsay$118.92$138.5016.46%Buy
ASTEAstec Industries$32.37$36.0011.21%Hold
OSKOshkosh$102.93$111.408.23%Buy
TEXTerex$51.22$54.406.21%Hold
REVGREV Group$27.03$19.60-27.49%Buy

SHYF Forecast FAQ


Yes, according to 1 Wall Street analysts, Shyft Group (SHYF) is considered a 'Strong Buy'. The rating consensus is based on 1 'Strong Buy' and 0 'Buy' recommendations, accounting for 100.00% of SHYF's total ratings.

Shyft Group (SHYF) average price target is $35 with a range of $32 to $38, implying a 165.15% from its last price of $13.2. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for SHYF stock, the company can go up by 165.15% (from the last price of $13.2 to the average price target of $35), up by 187.88% based on the highest stock price target, and up by 142.42% based on the lowest stock price target.

SHYF's average twelve months analyst stock price target of $35 supports the claim that Shyft Group can reach $20 in the near future.

Shyft Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $870.78M (high $889.91M, low $857.41M), average EBITDA is $56.2M (high $57.43M, low $55.33M), average net income is $26.25M (high $27M, low $25.72M), average SG&A $99.44M (high $101.62M, low $97.91M), and average EPS is $0.758 (high $0.779, low $0.742). SHYF's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $860.94M (high $879.85M, low $847.71M), average EBITDA is $55.56M (high $56.78M, low $54.71M), average net income is $31.72M (high $32.63M, low $31.09M), average SG&A $98.32M (high $100.48M, low $96.81M), and average EPS is $0.916 (high $0.942, low $0.897).

Based on Shyft Group's last annual report (Dec 2022), the company's revenue was $1.03B, beating the average analysts forecast of $1.01B by 1.92%. Apple's EBITDA was $61.53M, beating the average prediction of $49.51M by 24.29%. The company's net income was $36.56M, beating the average estimation of $34.83M by 4.97%. Apple's SG&A was $107.6M, missing the average forecast of $113.9M by -5.53%. Lastly, the company's EPS was $1.04, beating the average prediction of $0.993 by 4.70%. In terms of the last quarterly report (Sep 2023), Shyft Group's revenue was $201.32M, missing the average analysts' forecast of $207.81M by -3.12%. The company's EBITDA was $8.45M, missing the average prediction of $13.41M by -37.00%. Shyft Group's net income was $4.52M, beating the average estimation of $2.69M by 68.24%. The company's SG&A was $27.42M, beating the average forecast of $23.73M by 15.54%. Lastly, the company's EPS was $0.13, beating the average prediction of $0.0775 by 67.74%