REV Group, Inc. (NYSE:REVG) Given Average Recommendation of “Hold” by Brokerages


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REV Group, Inc. (NYSE:REVG) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $14.57.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of REV Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, March 16th. Morgan Stanley upped their price objective on shares of REV Group from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, April 22nd. Robert W. Baird upped their price objective on shares of REV Group from $10.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, March 4th. TheStreet upgraded shares of REV Group from a “d+” rating to a “c-” rating in a report on Thursday, March 4th. Finally, BMO Capital Markets upped their price target on shares of REV Group from $10.00 to $19.00 and gave the company a “market perform” rating in a research note on Friday, March 12th.

REVG traded down $0.49 during trading on Tuesday, reaching $18.15. 6,093 shares of the stock were exchanged, compared to its average volume of 372,317. The stock has a market cap of $1.17 billion, a P/E ratio of -36.63 and a beta of 2.67. REV Group has a twelve month low of $3.92 and a twelve month high of $22.23. The stock’s 50 day moving average price is $19.15 and its two-hundred day moving average price is $12.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.61 and a current ratio of 1.82.

REV Group (NYSE:REVG) last issued its earnings results on Tuesday, March 9th. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.08. REV Group had a negative net margin of 1.35% and a positive return on equity of 0.75%. The business had revenue of $554.00 million for the quarter, compared to the consensus estimate of $533.75 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts predict that REV Group will post 0.63 earnings per share for the current fiscal year.

In other news, CEO Rodney M. Rushing acquired 16,750 shares of the business’s stock in a transaction that occurred on Monday, March 29th. The stock was acquired at an average price of $17.98 per share, with a total value of $301,165.00. Following the completion of the transaction, the chief executive officer now directly owns 948,995 shares of the company’s stock, valued at approximately $17,062,930.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of REVG. Citigroup Inc. lifted its holdings in shares of REV Group by 321.8% in the fourth quarter. Citigroup Inc. now owns 6,820 shares of the company’s stock worth $60,000 after acquiring an additional 5,203 shares during the last quarter. Minot Wealth Management LLC bought a new position in shares of REV Group in the first quarter worth about $251,000. ExodusPoint Capital Management LP bought a new position in shares of REV Group in the fourth quarter worth about $228,000. GSA Capital Partners LLP bought a new position in shares of REV Group in the fourth quarter worth about $287,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of REV Group in the fourth quarter worth about $299,000. 92.37% of the stock is owned by institutional investors and hedge funds.

About REV Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, the Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers various fire apparatus and ambulance products for municipalities and private contractors.

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Analyst Recommendations for REV Group (NYSE:REVG)

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