REV Group (NYSE:REVG – Get Free Report) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.
Separately, The Goldman Sachs Group boosted their price objective on shares of REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.
View Our Latest Research Report on REV Group
REV Group Price Performance
REV Group (NYSE:REVG – Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The business had revenue of $586.00 million during the quarter, compared to analyst estimates of $579.42 million. During the same period in the previous year, the business posted $0.04 earnings per share. REV Group’s revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts anticipate that REV Group will post 1.35 earnings per share for the current year.
Institutional Investors Weigh In On REV Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in REV Group by 48.1% during the 4th quarter. Quarry LP now owns 1,762 shares of the company’s stock valued at $32,000 after buying an additional 572 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in REV Group by 101.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock valued at $25,000 after buying an additional 941 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in REV Group during the 4th quarter valued at $39,000. Advisor Group Holdings Inc. raised its holdings in REV Group by 63.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock valued at $39,000 after buying an additional 1,208 shares during the last quarter. Finally, West Tower Group LLC raised its holdings in REV Group by 2,055.0% during the 4th quarter. West Tower Group LLC now owns 3,254 shares of the company’s stock valued at $59,000 after buying an additional 3,103 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.
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