REV Group (NYSE:REVG) Upgraded at Zacks Research

Zacks Research upgraded shares of REV Group (NYSE:REVG) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms also recently commented on REVG. DA Davidson upped their price objective on shares of REV Group from $55.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Morgan Stanley set a $64.00 price target on shares of REV Group in a research note on Tuesday, September 9th. Wall Street Zen upgraded shares of REV Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Finally, Robert W. Baird boosted their target price on shares of REV Group from $50.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.50.

REV Group Price Performance

Shares of NYSE REVG opened at $53.98 on Wednesday. The stock has a fifty day simple moving average of $54.93 and a two-hundred day simple moving average of $44.37. REV Group has a 1-year low of $25.76 and a 1-year high of $64.47. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 25.46 and a beta of 1.16. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.16. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The firm had revenue of $644.90 million for the quarter, compared to analyst estimates of $613.24 million. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. Analysts anticipate that REV Group will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group’s dividend payout ratio (DPR) is currently 11.32%.

Institutional Trading of REV Group

Institutional investors and hedge funds have recently modified their holdings of the business. High Ground Investment Management LLP boosted its position in shares of REV Group by 1.9% during the 2nd quarter. High Ground Investment Management LLP now owns 1,911,593 shares of the company’s stock valued at $90,973,000 after acquiring an additional 35,382 shares during the last quarter. Invesco Ltd. lifted its position in REV Group by 9.4% during the first quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock valued at $59,869,000 after purchasing an additional 163,026 shares during the last quarter. State Street Corp grew its stake in REV Group by 11.2% in the 2nd quarter. State Street Corp now owns 1,345,451 shares of the company’s stock worth $64,108,000 after buying an additional 135,875 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of REV Group by 338.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock worth $46,191,000 after buying an additional 749,113 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of REV Group by 46.7% in the 2nd quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock worth $44,956,000 after buying an additional 300,793 shares during 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.