REV Group, Inc. (NYSE:REVG) Receives Average Recommendation of “Moderate Buy” from Analysts

REV Group, Inc. (NYSE:REVG) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $56.50.

A number of research analysts have commented on the company. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Robert W. Baird lifted their price target on REV Group from $50.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Morgan Stanley set a $64.00 target price on REV Group in a research report on Tuesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of REV Group in a report on Saturday, September 27th. Finally, DA Davidson raised their price objective on REV Group from $55.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, September 4th.

REV Group Price Performance

REVG opened at $53.98 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63. The company’s 50 day simple moving average is $54.93 and its 200 day simple moving average is $44.54. The stock has a market capitalization of $2.63 billion, a PE ratio of 25.46 and a beta of 1.16. REV Group has a 1 year low of $25.76 and a 1 year high of $64.47.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.16. The business had revenue of $644.90 million during the quarter, compared to the consensus estimate of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that REV Group will post 2.12 EPS for the current year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.06 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. REV Group’s dividend payout ratio is presently 11.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RD Lewis Holdings Inc. raised its stake in REV Group by 3.0% during the second quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock worth $345,000 after purchasing an additional 200 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of REV Group by 4.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock valued at $250,000 after acquiring an additional 218 shares during the period. Osaic Holdings Inc. grew its position in REV Group by 2.6% during the second quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock valued at $454,000 after purchasing an additional 239 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of REV Group by 2.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,515 shares of the company’s stock worth $548,000 after buying an additional 289 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in REV Group by 2.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the company’s stock worth $557,000 after purchasing an additional 300 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.