The Goldman Sachs Group Raises REV Group (NYSE:REVG) Price Target to $20.00

REV Group (NYSE:REVG) had its price objective lifted by The Goldman Sachs Group from $18.00 to $20.00 in a research report report published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Separately, StockNews.com downgraded REV Group from a strong-buy rating to a buy rating in a report on Saturday, March 30th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, REV Group currently has a consensus rating of Moderate Buy and a consensus price target of $17.60.

REV Group Stock Down 0.4 %

Shares of NYSE:REVG opened at $21.15 on Tuesday. The firm has a market cap of $1.10 billion, a P/E ratio of 5.22 and a beta of 1.70. REV Group has a 12-month low of $9.85 and a 12-month high of $23.85. The business has a fifty day simple moving average of $20.19 and a 200 day simple moving average of $17.88.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.10. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The business had revenue of $586.00 million during the quarter, compared to analyst estimates of $579.42 million. During the same period last year, the company earned $0.04 EPS. REV Group’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities research analysts expect that REV Group will post 1.35 EPS for the current year.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Wednesday, March 27th. REV Group’s dividend payout ratio (DPR) is currently 4.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in REVG. Swiss National Bank increased its holdings in shares of REV Group by 7.0% during the first quarter. Swiss National Bank now owns 68,900 shares of the company’s stock valued at $923,000 after acquiring an additional 4,500 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of REV Group by 7.4% during the first quarter. Bank of New York Mellon Corp now owns 258,422 shares of the company’s stock valued at $3,463,000 after acquiring an additional 17,750 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of REV Group by 38.6% during the first quarter. American Century Companies Inc. now owns 112,712 shares of the company’s stock valued at $1,510,000 after acquiring an additional 31,403 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of REV Group by 7.9% during the first quarter. Bank of Montreal Can now owns 34,948 shares of the company’s stock valued at $483,000 after acquiring an additional 2,566 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of REV Group by 55.4% during the first quarter. MetLife Investment Management LLC now owns 15,792 shares of the company’s stock valued at $212,000 after acquiring an additional 5,631 shares in the last quarter.

REV Group Company Profile

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.