REV Group, Inc. (NYSE:REVG) Receives Average Rating of “Hold” from Analysts

Shares of REV Group, Inc. (NYSE:REVG) have been given an average rating of “Hold” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.25.

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

REV Group Stock Performance

NYSE REVG opened at $63.90 on Thursday. The firm’s fifty day moving average price is $64.51 and its 200 day moving average price is $58.79. REV Group has a 12 month low of $26.51 and a 12 month high of $69.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14.

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

REV Group Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.4%. REV Group’s dividend payout ratio (DPR) is currently 12.57%.

Institutional Trading of REV Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in REVG. Allworth Financial LP grew its stake in shares of REV Group by 70.0% in the 4th quarter. Allworth Financial LP now owns 425 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of REV Group by 298.5% during the third quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after purchasing an additional 409 shares during the period. IFP Advisors Inc grew its position in REV Group by 798.5% in the 3rd quarter. IFP Advisors Inc now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 527 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in REV Group in the 4th quarter valued at $35,000. Finally, Canada Pension Plan Investment Board acquired a new position in REV Group in the 2nd quarter valued at $38,000.

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.