REV Group (NYSE:REVG) Given New $20.00 Price Target at The Goldman Sachs Group

REV Group (NYSE:REVG) had its price target hoisted by The Goldman Sachs Group from $18.00 to $20.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a sell rating on the stock.

Separately, StockNews.com lowered REV Group from a strong-buy rating to a buy rating in a research note on Saturday, March 30th. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $17.60.

REV Group Stock Performance

REVG opened at $21.61 on Tuesday. The business’s fifty day moving average is $20.06 and its 200-day moving average is $17.83. The firm has a market cap of $1.12 billion, a P/E ratio of 5.34 and a beta of 1.70. REV Group has a 52-week low of $9.85 and a 52-week high of $23.85.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.10. The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. REV Group’s revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. On average, research analysts predict that REV Group will post 1.35 earnings per share for the current fiscal year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. REV Group’s dividend payout ratio (DPR) is 4.94%.

Hedge Funds Weigh In On REV Group

A number of hedge funds have recently made changes to their positions in the stock. Toth Financial Advisory Corp bought a new stake in REV Group in the first quarter worth approximately $641,000. Wellington Management Group LLP increased its holdings in REV Group by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock worth $8,906,000 after purchasing an additional 68,047 shares in the last quarter. Virtu Financial LLC bought a new stake in REV Group in the fourth quarter worth approximately $187,000. Quarry LP increased its holdings in REV Group by 48.1% in the fourth quarter. Quarry LP now owns 1,762 shares of the company’s stock worth $32,000 after purchasing an additional 572 shares in the last quarter. Finally, Barclays PLC increased its holdings in REV Group by 441.2% in the fourth quarter. Barclays PLC now owns 59,378 shares of the company’s stock worth $1,079,000 after purchasing an additional 48,406 shares in the last quarter.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, 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, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.