REV Group (NYSE:REVG) Downgraded by StockNews.com

StockNews.com cut shares of REV Group (NYSE:REVG) from a buy rating to a hold rating in a research note released on Friday morning.

Several other research firms have also recently weighed in on REVG. The Goldman Sachs Group raised their target price on shares of REV Group from $18.00 to $20.00 and gave the company a sell rating in a research note on Tuesday, April 16th. Morgan Stanley began coverage on shares of REV Group in a research note on Tuesday, June 11th. They set an equal weight rating and a $29.50 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, REV Group currently has a consensus rating of Hold and an average target price of $20.50.

REV Group Stock Down 0.8 %

REVG opened at $28.28 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58. REV Group has a 1-year low of $12.71 and a 1-year high of $29.89. The company has a market capitalization of $1.47 billion, a PE ratio of 6.91 and a beta of 1.61. The firm’s 50 day simple moving average is $26.33 and its two-hundred day simple moving average is $23.28.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The firm had revenue of $616.90 million during the quarter, compared to analysts’ expectations of $603.17 million. REV Group had a net margin of 9.41% and a return on equity of 16.85%. As a group, equities analysts forecast that REV Group will post 1.45 EPS for the current year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.20 annualized dividend and a yield of 0.71%. REV Group’s dividend payout ratio (DPR) is 4.89%.

Institutional Investors Weigh In On REV Group

Several hedge funds have recently modified their holdings of REVG. DekaBank Deutsche Girozentrale purchased a new stake in shares of REV Group in the 4th quarter worth approximately $39,000. Phocas Financial Corp. raised its stake in shares of REV Group by 1.8% during the 4th quarter. Phocas Financial Corp. now owns 485,452 shares of the company’s stock worth $8,821,000 after acquiring an additional 8,506 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of REV Group by 13.2% during the 4th quarter. Federated Hermes Inc. now owns 433,160 shares of the company’s stock worth $7,871,000 after acquiring an additional 50,507 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of REV Group by 7.8% during the 4th quarter. New York State Common Retirement Fund now owns 76,132 shares of the company’s stock worth $1,383,000 after acquiring an additional 5,495 shares in the last quarter. Finally, Semanteon Capital Management LP bought a new position in shares of REV Group during the 4th quarter worth approximately $436,000.

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.