DA Davidson Increases REV Group (NYSE:REVG) Price Target to $68.00

REV Group (NYSE:REVG) had its price objective increased by investment analysts at DA Davidson from $55.00 to $68.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 8.72% from the company’s previous close.

REVG has been the subject of a number of other reports. Zacks Research lowered shares of REV Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price target on shares of REV Group from $26.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of REV Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Finally, Morgan Stanley upgraded shares of REV Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.00.

REV Group Stock Up 1.6%

REVG opened at $62.55 on Thursday. The company has a fifty day moving average price of $50.68 and a 200-day moving average price of $40.44. The firm has a market capitalization of $3.05 billion, a P/E ratio of 29.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. REV Group has a one year low of $24.90 and a one year high of $63.38.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.16. The firm had revenue of $644.90 million during the quarter, compared to analyst estimates of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 26.92%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. Equities research analysts expect that REV Group will post 2.12 earnings per share for the current fiscal year.

Institutional Trading of REV Group

Several institutional investors have recently added to or reduced their stakes in REVG. KBC Group NV purchased a new stake in REV Group during the first quarter valued at about $33,000. Canada Pension Plan Investment Board purchased a new stake in REV Group during the second quarter valued at about $38,000. McIlrath & Eck LLC boosted its position in REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock valued at $46,000 after buying an additional 344 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in REV Group during the first quarter valued at about $54,000. Finally, AlphaQuest LLC boosted its position in REV Group by 5,215.4% during the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after buying an additional 1,356 shares during the period.

About REV Group

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.