REV Group (NYSE:REVG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of REV Group (NYSE:REVG) from a buy rating to a strong-buy rating in a report published on Tuesday morning.

Separately, The Goldman Sachs Group upped their target price on shares of REV Group from $18.00 to $20.00 and gave the stock a sell rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $17.60.

REV Group Price Performance

Shares of REV Group stock opened at $21.61 on Tuesday. The company’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $17.83. The stock has a market capitalization of $1.12 billion, a PE ratio of 5.34 and a beta of 1.70. REV Group has a 1-year low of $9.85 and a 1-year high of $23.85.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. The company had revenue of $586.00 million during the quarter, compared to the consensus estimate of $579.42 million. REV Group had a net margin of 9.15% and a return on equity of 16.43%. REV Group’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. As a group, research analysts anticipate that REV Group will post 1.35 EPS for the current year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Wednesday, March 27th. REV Group’s payout ratio is currently 4.94%.

Institutional Trading of REV Group

Several hedge funds have recently made changes to their positions in REVG. Tower Research Capital LLC TRC raised its position in REV Group by 101.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock worth $25,000 after purchasing an additional 941 shares during the period. Quarry LP grew its stake in REV Group by 48.1% in the 4th quarter. Quarry LP now owns 1,762 shares of the company’s stock worth $32,000 after acquiring an additional 572 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in REV Group in the 4th quarter worth about $39,000. Advisor Group Holdings Inc. grew its stake in REV Group by 63.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock worth $39,000 after acquiring an additional 1,208 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in REV Group by 236.8% in the 3rd quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock worth $55,000 after acquiring an additional 2,368 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.