REV Group (NYSE:REVG) Lowered to “Underweight” Rating by Morgan Stanley

REV Group (NYSE:REVG) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Wednesday, Marketbeat reports. They currently have a $33.00 price objective on the stock. Morgan Stanley’s target price indicates a potential upside of 10.92% from the company’s previous close.

REV Group Stock Down 0.6 %

REVG opened at $29.75 on Wednesday. REV Group has a 1 year low of $20.51 and a 1 year high of $36.00. The firm has a 50 day moving average price of $31.23 and a 200 day moving average price of $31.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The company has a market cap of $1.54 billion, a PE ratio of 6.63 and a beta of 1.22.

Institutional Trading of REV Group

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of REV Group by 26.7% during the fourth quarter. FMR LLC now owns 7,819,739 shares of the company’s stock worth $249,215,000 after purchasing an additional 1,646,293 shares in the last quarter. Invesco Ltd. lifted its position in REV Group by 43.4% during the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company’s stock worth $55,185,000 after acquiring an additional 524,369 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in REV Group in the 4th quarter worth approximately $9,749,000. SG Capital Management LLC acquired a new stake in REV Group in the fourth quarter valued at approximately $8,203,000. Finally, Geode Capital Management LLC raised its stake in shares of REV Group by 15.4% during the third quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock valued at $36,621,000 after purchasing an additional 173,759 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.