Analysts Set REV Group, Inc. (NYSE:REVG) Price Target at $56.50

Shares of REV Group, Inc. (NYSE:REVG) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $56.50.

REVG has been the topic of several research analyst reports. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Robert W. Baird boosted their target price on REV Group from $50.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Morgan Stanley set a $64.00 target price on REV Group in a research report on Tuesday, September 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of REV Group in a research report on Wednesday, October 8th. Finally, DA Davidson boosted their target price on REV Group from $55.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th.

Institutional Investors Weigh In On REV Group

A number of hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management lifted its position in shares of REV Group by 258.3% in the third quarter. Ritholtz Wealth Management now owns 26,635 shares of the company’s stock worth $1,509,000 after buying an additional 19,202 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of REV Group by 1,327.1% in the third quarter. TD Private Client Wealth LLC now owns 3,154 shares of the company’s stock worth $179,000 after buying an additional 2,933 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in REV Group during the third quarter valued at approximately $167,000. CoreCap Advisors LLC raised its position in REV Group by 247,233.3% during the third quarter. CoreCap Advisors LLC now owns 7,420 shares of the company’s stock valued at $420,000 after purchasing an additional 7,417 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in REV Group during the third quarter valued at approximately $258,000.

REV Group Price Performance

Shares of REV Group stock opened at $61.39 on Friday. The stock’s 50-day simple moving average is $57.36 and its 200-day simple moving average is $47.67. REV Group has a 52 week low of $25.76 and a 52 week high of $64.47. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 28.96 and a beta of 1.16. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.63 by $0.16. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The business had revenue of $644.90 million for the quarter, compared to the consensus estimate of $613.24 million. During the same period in the previous year, the business earned $0.48 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. As a group, analysts expect that REV Group will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, September 26th. REV Group’s payout ratio is currently 11.32%.

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.