Zacks Investment Research upgraded shares of Rev Group (NYSE:REVG) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. Zacks Investment Research currently has $12.00 target price on the stock.
According to Zacks, “REV Group, Inc. designs, manufactures and distributes specialty vehicles, and related aftermarket parts and services. Its operating segment includes Fire & Emergency, Commercial and Recreation. Fire & Emergency segment provides ambulances, fire apparatus, school buses, mobility vans and municipal transit buses. Commercial segment provides industrial and commercial services through terminal trucks, cut-away buses and street sweepers. Recreation segment provides consumer leisure through recreational vehicles and luxury buses. REV Group, Inc. is headquartered in Milwaukee, WI. “
Other equities research analysts have also issued research reports about the stock. Morgan Stanley set a $11.00 price objective on shares of Rev Group and gave the company a hold rating in a report on Sunday, December 30th. Robert W. Baird decreased their price objective on shares of Rev Group from $15.00 to $11.00 and set an outperform rating for the company in a report on Friday, December 21st. Deutsche Bank set a $9.00 price objective on shares of Rev Group and gave the company a hold rating in a report on Friday, March 8th. Wells Fargo & Co decreased their price objective on shares of Rev Group from $14.00 to $8.00 and set a market perform rating for the company in a report on Friday, December 21st. Finally, SunTrust Banks set a $8.00 price objective on shares of Rev Group and gave the company a hold revg rating in a report on Monday, December 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $11.11.
Rev Group stock opened at $10.96 on Wednesday. The stock has a market capitalization of $663.24 million, a PE ratio of 10.64, a PEG ratio of 0.88 and a beta of 2.79. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.32 and a quick ratio of 0.81. Rev Group has a 12-month low of $6.41 and a 12-month high of $21.77.
Rev Group (NYSE:REVG) last released its earnings results on Wednesday, March 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.07). Rev Group had a positive return on equity of 9.21% and a negative net margin of 0.46%. The firm had revenue of $518.70 million during the quarter, compared to the consensus estimate of $510.80 million. During the same quarter last year, the business posted $0.15 EPS. Rev Group’s revenue was up .7% compared to the same quarter last year. Research analysts forecast that Rev Group will post 1.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Monday, April 29th. Rev Group’s dividend payout ratio (DPR) is 19.42%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van Berkom & Associates Inc. increased its position in Rev Group by 12.0% during the 3rd quarter. Van Berkom & Associates Inc. now owns 4,331,346 shares of the company’s stock valued at $68,002,000 after purchasing an additional 465,004 shares during the period. Pzena Investment Management LLC grew its position in shares of Rev Group by 359.0% in the 4th quarter. Pzena Investment Management LLC now owns 3,051,834 shares of the company’s stock worth $22,919,000 after buying an additional 2,386,953 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Rev Group by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,480,140 shares of the company’s stock worth $38,938,000 after buying an additional 38,942 shares during the last quarter. Vanguard Group Inc grew its position in shares of Rev Group by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 2,480,140 shares of the company’s stock worth $38,938,000 after buying an additional 38,942 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Rev Group by 1.9% in the 4th quarter. BlackRock Inc. now owns 1,942,327 shares of the company’s stock worth $14,587,000 after buying an additional 35,432 shares during the last quarter.
About Rev Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
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