Rev Group Inc (REVG) Receives Average Recommendation of “Buy” from Analysts
Rev Group Inc (NASDAQ:REVG) has been assigned an average rating of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.00.
Separately, Zacks Investment Research upgraded Rev Group from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Wednesday, August 9th.
Shares of Rev Group (REVG) traded up 1.70% during mid-day trading on Friday, hitting $26.92. The company had a trading volume of 281,633 shares. Rev Group has a one year low of $24.50 and a one year high of $29.17. The company has a market capitalization of $1.72 billion and a PE ratio of 83.60. The company’s 50-day moving average is $26.51 and its 200 day moving average is $27.26.
Rev Group (NASDAQ:REVG) last posted its earnings results on Thursday, September 7th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Rev Group had a return on equity of 11.25% and a net margin of 2.55%. The business had revenue of $595.60 million during the quarter, compared to analysts’ expectations of $619.57 million. The firm’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that Rev Group will post $1.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, October 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, October 30th.
In other news, COO Thomas B. Phillips sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $26.73, for a total value of $267,300.00. Following the completion of the transaction, the chief operating officer now directly owns 10,000 shares in the company, valued at approximately $267,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Rev Group by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,204,841 shares of the company’s stock worth $33,350,000 after purchasing an additional 60,773 shares in the last quarter. Columbia Wanger Asset Management LLC purchased a new position in shares of Rev Group in the 1st quarter worth about $28,622,000. Park West Asset Management LLC purchased a new position in shares of Rev Group in the 1st quarter worth about $22,061,000. Wells Fargo & Company MN boosted its holdings in shares of Rev Group by 11.7% in the 2nd quarter. Wells Fargo & Company MN now owns 721,306 shares of the company’s stock worth $19,966,000 after purchasing an additional 75,278 shares in the last quarter. Finally, Rice Hall James & Associates LLC purchased a new position in shares of Rev Group in the 2nd quarter worth about $18,470,000.
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Rev Group Company Profile
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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