REV Group (NYSE:REVG) PT Raised to $25.00

REV Group (NYSE:REVG) had its target price boosted by The Goldman Sachs Group from $22.00 to $25.00 in a research report report published on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other research firms have also recently commented on REVG. Morgan Stanley started coverage on shares of REV Group in a report on Tuesday, June 11th. They issued an equal weight rating and a $29.50 price target on the stock. DA Davidson reaffirmed a buy rating and issued a $33.00 price target on shares of REV Group in a report on Thursday. Finally, StockNews.com raised shares of REV Group from a hold rating to a buy rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $24.10.

REV Group Price Performance

REV Group stock opened at $24.94 on Thursday. REV Group has a 52 week low of $12.71 and a 52 week high of $31.85. The company’s 50 day moving average price is $27.50 and its two-hundred day moving average price is $24.66. The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.29 billion, a P/E ratio of 6.10 and a beta of 1.59.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. REV Group had a net margin of 9.92% and a return on equity of 18.05%. The firm had revenue of $579.40 million for the quarter, compared to analysts’ expectations of $618.70 million. During the same quarter last year, the firm earned $0.31 EPS. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, equities analysts predict that REV Group will post 1.45 earnings per share for the current year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. REV Group’s payout ratio is 4.89%.

Institutional Investors Weigh In On REV Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in REV Group by 56.3% during the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock valued at $104,134,000 after acquiring an additional 1,698,502 shares during the period. Dimensional Fund Advisors LP grew its position in shares of REV Group by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company’s stock valued at $53,846,000 after purchasing an additional 39,484 shares in the last quarter. Kennedy Capital Management LLC grew its position in shares of REV Group by 161.8% during the 1st quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock valued at $20,940,000 after purchasing an additional 585,841 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of REV Group by 22.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 769,660 shares of the company’s stock valued at $13,985,000 after purchasing an additional 140,674 shares in the last quarter. Finally, Nicholas Investment Partners LP grew its position in shares of REV Group by 4.8% during the 2nd quarter. Nicholas Investment Partners LP now owns 755,001 shares of the company’s stock valued at $18,792,000 after purchasing an additional 34,555 shares in 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.