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

REV Group, Inc. (NYSE:REVG) has been assigned an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $49.25.

Several research firms recently commented on REVG. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Morgan Stanley set a $55.00 price target on REV Group in a report on Tuesday, November 4th. DA Davidson downgraded shares of REV Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $68.00 to $57.00 in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Finally, Robert W. Baird restated a “neutral” rating and set a $55.00 price target (down from $64.00) on shares of REV Group in a research report on Monday, December 1st.

REV Group Stock Down 2.0%

REVG stock opened at $63.90 on Friday. The stock has a market cap of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. The firm’s 50-day simple moving average is $61.69 and its 200 day simple moving average is $56.84. REV Group has a fifty-two week low of $26.51 and a fifty-two week high of $69.92. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. The firm had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $646.77 million. REV Group had a net margin of 3.86% and a return on equity of 31.67%. REV Group’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, sell-side analysts predict that REV Group will post 2.12 EPS for the current year.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group’s payout ratio is presently 12.57%.

Hedge Funds Weigh In On REV Group

Several hedge funds have recently modified their holdings of REVG. Farther Finance Advisors LLC boosted its stake in REV Group by 19.1% during the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after buying an additional 181 shares in the last quarter. RD Lewis Holdings Inc. lifted its holdings in REV Group by 3.0% in the 2nd quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock valued at $345,000 after acquiring an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of REV Group by 4.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock valued at $250,000 after purchasing an additional 218 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of REV Group by 2.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock worth $454,000 after purchasing an additional 239 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in shares of REV Group by 4.4% in the 3rd quarter. Savant Capital LLC now owns 6,615 shares of the company’s stock worth $375,000 after purchasing an additional 278 shares in the last quarter.

REV Group Company Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.