StockNews.com Lowers REV Group (NYSE:REVG) to Hold

REV Group (NYSE:REVGGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other equities analysts have also weighed in on REVG. Morgan Stanley decreased their target price on REV Group from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, April 18th. Zacks Investment Research lowered shares of REV Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 26th. Robert W. Baird reduced their price target on shares of REV Group from $14.00 to $12.00 in a research report on Tuesday. TheStreet lowered shares of REV Group from a “b-” rating to a “c+” rating in a research report on Thursday, March 24th. Finally, Credit Suisse Group reduced their price target on shares of REV Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Friday, March 11th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, REV Group currently has an average rating of “Hold” and an average target price of $14.21.

Shares of REVG stock traded up $1.42 during mid-day trading on Wednesday, reaching $11.59. 846,445 shares of the company’s stock traded hands, compared to its average volume of 305,399. REV Group has a 12 month low of $9.50 and a 12 month high of $20.24. The company has a market cap of $729.50 million, a P/E ratio of 17.56 and a beta of 2.17. The company has a quick ratio of 0.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $12.24 and its 200-day moving average price is $13.50.

REV Group (NYSE:REVGGet Rating) last announced its quarterly earnings results on Tuesday, June 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). The firm had revenue of $576.30 million during the quarter, compared to the consensus estimate of $600.06 million. REV Group had a return on equity of 13.92% and a net margin of 1.84%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 EPS. Equities analysts predict that REV Group will post 0.99 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in REVG. First Trust Advisors LP boosted its position in REV Group by 64.9% during the first quarter. First Trust Advisors LP now owns 170,323 shares of the company’s stock valued at $1,865,000 after purchasing an additional 67,052 shares in the last quarter. Morgan Stanley raised its position in REV Group by 183.0% during the second quarter. Morgan Stanley now owns 315,726 shares of the company’s stock valued at $4,953,000 after acquiring an additional 204,153 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of REV Group by 14.5% in the third quarter. Advisor Group Holdings Inc. now owns 13,526 shares of the company’s stock valued at $234,000 after buying an additional 1,713 shares in the last quarter. Barclays PLC increased its position in shares of REV Group by 8.8% in the third quarter. Barclays PLC now owns 22,491 shares of the company’s stock valued at $386,000 after buying an additional 1,818 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of REV Group by 94.2% in the third quarter. Citigroup Inc. now owns 3,659 shares of the company’s stock valued at $63,000 after buying an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

About REV Group (Get Rating)

REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, Europe, Africa, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands.

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Analyst Recommendations for REV Group (NYSE:REVG)

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