REV Group, Inc. (NYSE:REVG) Given Average Recommendation of “Hold” by Brokerages

Shares of REV Group, Inc. (NYSE:REVG – Get Rating) have been given an average rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $13.17.

REVG has been the topic of several research reports. Credit Suisse Group boosted their price objective on shares of REV Group from $9.00 to $11.00 and gave the stock an “underperform” rating in a research note on Thursday, March 9th. Robert W. Baird upgraded REV Group from a “neutral” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Monday, March 6th. DA Davidson lifted their price objective on REV Group from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, March 13th. Finally, StockNews.com started coverage on REV Group in a research note on Thursday, May 18th. They issued a “strong-buy” rating on the stock.

REV Group Stock Up 2.7 %

Shares of NYSE:REVG opened at $10.84 on Wednesday. The firm has a market capitalization of $644.55 million, a P/E ratio of 271.07 and a beta of 1.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.52 and a current ratio of 1.80. The stock has a 50 day moving average price of $11.10 and a 200-day moving average price of $12.35. REV Group has a 52-week low of $9.50 and a 52-week high of $16.38.

REV Group (NYSE:REVG – Get Rating) last posted its quarterly earnings data on Wednesday, March 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $583.50 million during the quarter, compared to the consensus estimate of $504.73 million. REV Group had a return on equity of 8.49% and a net margin of 0.10%. As a group, equities research analysts anticipate that REV Group will post 0.76 EPS for the current fiscal year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Thursday, March 30th. REV Group’s payout ratio is 500.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of REVG. Millennium Management LLC boosted its holdings in REV Group by 4,975.0% in the fourth quarter. Millennium Management LLC now owns 519,936 shares of the company’s stock worth $6,562,000 after purchasing an additional 509,691 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of REV Group by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,194 shares of the company’s stock valued at $29,176,000 after buying an additional 214,781 shares during the period. State Street Corp boosted its stake in shares of REV Group by 32.8% in the 1st quarter. State Street Corp now owns 791,875 shares of the company’s stock worth $10,645,000 after buying an additional 195,632 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of REV Group by 563.6% in the first quarter. Renaissance Technologies LLC now owns 222,300 shares of the company’s stock worth $2,979,000 after acquiring an additional 188,800 shares during the period. Finally, BlackRock Inc. increased its position in REV Group by 9.1% during the first quarter. BlackRock Inc. now owns 2,222,050 shares of the company’s stock valued at $29,776,000 after acquiring an additional 186,146 shares during the last quarter. 98.92% of the stock is owned by institutional investors.

REV Group Company Profile

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REV Group, Inc is a holding company, which engages in the design, manufacture, and distribution of specialty vehicles and related aftermarket parts and services. The company sells its products to municipalities, government agencies, private contractors, and industrial and commercial end users. It operates through the following segments: Fire and Emergency, Commercial, and Recreation.