REV Group (NYSE:REVG) Price Target Raised to $20.00

REV Group (NYSE:REVG) had its price objective increased by The Goldman Sachs Group from $18.00 to $20.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 5.84% from the stock’s current price.

Separately, StockNews.com lowered shares of REV Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 30th. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.60.

REV Group Stock Performance

Shares of REVG opened at $21.24 on Tuesday. The company has a 50-day simple moving average of $20.10 and a 200-day simple moving average of $17.86. The firm has a market capitalization of $1.10 billion, a P/E ratio of 5.24 and a beta of 1.70. REV Group has a 52 week low of $9.85 and a 52 week high of $23.85.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. The business had revenue of $586.00 million during the quarter, compared to analyst estimates of $579.42 million. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 earnings per share. As a group, equities analysts forecast that REV Group will post 1.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. acquired a new position in REV Group in the first quarter worth about $269,000. Toth Financial Advisory Corp acquired a new position in REV Group in the first quarter worth about $641,000. Wellington Management Group LLP raised its position in REV Group by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock worth $8,906,000 after purchasing an additional 68,047 shares in the last quarter. Virtu Financial LLC bought a new stake in REV Group during the fourth quarter worth about $187,000. Finally, Quarry LP grew its stake in REV Group by 48.1% during the fourth quarter. Quarry LP now owns 1,762 shares of the company’s stock worth $32,000 after buying an additional 572 shares during the last quarter.

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.