REV Group (NYSE:REVG) Upgraded at StockNews.com

REV Group (NYSE:REVGGet Rating) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

Separately, Credit Suisse Group upped their price target on shares of REV Group to $9.00 in a research report on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.42.

REV Group Stock Performance

Shares of REVG opened at $14.05 on Friday. 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 has a market capitalization of $833.45 million, a P/E ratio of 127.74 and a beta of 1.97. The firm’s fifty day simple moving average is $12.38 and its two-hundred day simple moving average is $11.81. REV Group has a 12 month low of $9.50 and a 12 month high of $18.11.

REV Group (NYSE:REVGGet Rating) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The business had revenue of $594.80 million for the quarter, compared to analysts’ expectations of $592.62 million. REV Group had a net margin of 0.28% and a return on equity of 9.17%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, analysts predict that REV Group will post 0.68 EPS for the current year.

Institutional Investors Weigh In On REV Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC raised its holdings in shares of REV Group by 11.4% in the 1st quarter. Pzena Investment Management LLC now owns 4,028,592 shares of the company’s stock worth $53,983,000 after acquiring an additional 412,594 shares during the last quarter. Strs Ohio raised its holdings in shares of REV Group by 5.3% in the 2nd quarter. Strs Ohio now owns 57,800 shares of the company’s stock worth $628,000 after acquiring an additional 2,900 shares during the last quarter. Russell Investments Group Ltd. increased its stake in REV Group by 18.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 293,233 shares of the company’s stock valued at $3,186,000 after buying an additional 44,808 shares during the last quarter. Blue Chip Partners Inc. increased its stake in REV Group by 65.4% in the 1st quarter. Blue Chip Partners Inc. now owns 29,046 shares of the company’s stock valued at $389,000 after buying an additional 11,481 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in REV Group in the 2nd quarter valued at about $672,000. Institutional investors and hedge funds own 97.19% of the company’s stock.

REV Group Company Profile

(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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