REV Group (NYSE:REVG) Upgraded at Zacks Research

REV Group (NYSE:REVG) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

REVG has been the topic of a number of other research reports. Wall Street Zen raised REV Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Robert W. Baird lifted their price objective on shares of REV Group from $50.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. DA Davidson boosted their price objective on shares of REV Group from $55.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Finally, Morgan Stanley set a $64.00 target price on shares of REV Group in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.50.

REV Group Stock Performance

Shares of REVG stock opened at $53.97 on Wednesday. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 25.46 and a beta of 1.16. REV Group has a 52-week low of $25.76 and a 52-week high of $64.47. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $54.81 and its 200 day moving average is $44.21.

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

Institutional Trading of REV Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. High Ground Investment Management LLP acquired a new position in REV Group in the 1st quarter worth approximately $59,288,000. Aberdeen Group plc acquired a new stake in shares of REV Group in the first quarter worth $25,796,000. Neuberger Berman Group LLC raised its holdings in shares of REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock worth $46,191,000 after purchasing an additional 749,113 shares during the last quarter. American Century Companies Inc. lifted its position in REV Group by 345.5% during the first quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock valued at $20,346,000 after purchasing an additional 499,328 shares during the period. Finally, Bragg Financial Advisors Inc purchased a new stake in REV Group in the first quarter valued at $11,639,000.

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.