REVG has been the topic of several other reports. The Goldman Sachs Group reduced their target price on REV Group from $13.25 to $11.50 and set a sell rating on the stock in a report on Thursday, June 9th. DA Davidson initiated coverage on REV Group in a research note on Tuesday, June 28th. They issued a neutral rating and a $11.00 price target on the stock. StockNews.com raised REV Group from a hold rating to a buy rating in a research note on Thursday, September 8th. Robert W. Baird dropped their price target on REV Group from $14.00 to $12.00 in a research note on Tuesday, June 7th. Finally, BMO Capital Markets dropped their price target on REV Group from $15.00 to $13.00 in a research note on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, REV Group has a consensus rating of Hold and a consensus price target of $11.42.
REV Group Stock Performance
NYSE:REVG opened at $11.67 on Tuesday. The stock has a market cap of $692.31 million, a P/E ratio of 106.10 and a beta of 2.03. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average is $11.47 and its 200-day moving average is $11.98. REV Group has a 1-year low of $9.50 and a 1-year high of $18.35.
REV Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 29th. REV Group’s payout ratio is 181.83%.
Hedge Funds Weigh In On REV Group
A number of institutional investors have recently modified their holdings of REVG. Legal & General Group Plc raised its position in REV Group by 23.9% in the 2nd quarter. Legal & General Group Plc now owns 11,476 shares of the company’s stock valued at $125,000 after buying an additional 2,212 shares during the last quarter. AQR Capital Management LLC raised its position in REV Group by 46.5% in the 2nd quarter. AQR Capital Management LLC now owns 161,201 shares of the company’s stock valued at $1,752,000 after buying an additional 51,181 shares during the last quarter. State Street Corp raised its position in REV Group by 6.0% in the 2nd quarter. State Street Corp now owns 839,149 shares of the company’s stock valued at $9,163,000 after buying an additional 47,274 shares during the last quarter. Citadel Advisors LLC purchased a new stake in REV Group in the 2nd quarter valued at $110,000. Finally, Massachusetts Financial Services Co. MA raised its position in REV Group by 0.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 199,085 shares of the company’s stock valued at $2,164,000 after buying an additional 1,006 shares during the last quarter. 97.19% of the stock is owned by institutional investors and hedge funds.
About REV Group
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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