Analysts Set REV Group, Inc. (NYSE:REVG) Target Price at $49.25

by · The Cerbat Gem

REV Group, Inc. (NYSE:REVG – Get Free Report) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $49.25.

Several research analysts recently weighed in on the stock. Baird R W downgraded shares of REV Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. DA Davidson downgraded REV Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $68.00 to $57.00 in a research report on Friday, October 31st. Zacks Research lowered REV Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Robert W. Baird reissued a “neutral” rating and set a $55.00 target price (down previously from $64.00) on shares of REV Group in a research note on Monday, December 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th.

View Our Latest Report on REVG

Institutional Trading of REV Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in REV Group by 125.7% during the second quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock worth $12,156,000 after acquiring an additional 142,243 shares during the last quarter. Versor Investments LP purchased a new position in shares of REV Group in the 2nd quarter worth approximately $866,000. Persium Advisors LLC bought a new position in shares of REV Group during the 2nd quarter valued at approximately $223,000. Delphi Management Inc. MA purchased a new stake in REV Group during the 2nd quarter valued at $1,282,000. Finally, Savant Capital LLC purchased a new stake in REV Group during the 2nd quarter valued at $302,000.

REV Group Trading Up 1.5%

REV Group stock opened at $67.17 on Wednesday. REV Group has a 12-month low of $26.51 and a 12-month high of $67.20. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 35.17 and a beta of 1.14. The firm has a 50 day moving average of $57.02 and a 200 day moving average of $54.93. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10.

REV Group (NYSE:REVG – Get Free Report) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.05. The business had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, research analysts predict that REV Group will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. REV Group’s dividend payout ratio is currently 12.57%.

REV Group Company Profile

(Get Free Report)

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.

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