REV Group (NYSE:REVG) Stock Rating Lowered by StockNews.com

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

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group raised their price objective on REV Group from $22.00 to $25.00 and gave the stock a sell rating in a research report on Thursday. Morgan Stanley assumed coverage on shares of REV Group in a research note on Tuesday, June 11th. They issued an equal weight rating and a $29.50 price objective on the stock. Finally, DA Davidson reissued a buy rating and set a $33.00 target price on shares of REV Group in a research note on Thursday. One 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. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $24.10.

REV Group Stock Down 3.8 %

REVG stock opened at $24.94 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 0.53. The firm has a market capitalization of $1.29 billion, a P/E ratio of 6.10 and a beta of 1.59. REV Group has a 52-week low of $12.71 and a 52-week high of $31.85. The company’s 50 day simple moving average is $27.50 and its 200-day simple moving average is $24.69.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $579.40 million for the quarter, compared to the consensus estimate of $618.70 million. REV Group had a net margin of 9.92% and a return on equity of 18.05%. The company’s revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. As a group, equities research analysts anticipate that REV Group will post 1.45 EPS for the current year.

REV Group Dividend Announcement

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

Institutional Investors Weigh In On REV Group

A number of large investors have recently bought and sold shares of the business. Amalgamated Bank raised its holdings in REV Group by 67.5% during the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after buying an additional 716 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of REV Group by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company’s stock valued at $269,000 after acquiring an additional 1,067 shares in the last quarter. Arizona State Retirement System lifted its holdings in REV Group by 21.9% in the 2nd quarter. Arizona State Retirement System now owns 13,800 shares of the company’s stock worth $343,000 after purchasing an additional 2,476 shares during the last quarter. LSV Asset Management boosted its position in REV Group by 1.8% during the second quarter. LSV Asset Management now owns 142,889 shares of the company’s stock worth $3,557,000 after purchasing an additional 2,500 shares during the period. Finally, Johnson Investment Counsel Inc. grew its holdings in REV Group by 17.3% during the second quarter. Johnson Investment Counsel Inc. now owns 17,276 shares of the company’s stock valued at $430,000 after purchasing an additional 2,551 shares during 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.