Rev Group Inc (REVG) Receives Average Recommendation of “Buy” from Analysts
Shares of Rev Group Inc (NASDAQ:REVG) have received a consensus rating of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $32.38.
Separately, Zacks Investment Research upgraded shares of Rev Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Thursday, September 14th.
In other Rev Group news, Director Kim A. Marvin sold 40,263 shares of Rev Group stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $26.09, for a total transaction of $1,050,461.67. Following the completion of the sale, the director now directly owns 150,671 shares in the company, valued at $3,931,006.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joel M. Rotroff sold 985 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $26.09, for a total transaction of $25,698.65. Following the completion of the transaction, the director now directly owns 3,205 shares of the company’s stock, valued at approximately $83,618.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,248 shares of company stock valued at $1,343,460.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Rev Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,204,841 shares of the company’s stock valued at $33,350,000 after purchasing an additional 60,773 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Rev Group by 11.7% in the second quarter. Wells Fargo & Company MN now owns 721,306 shares of the company’s stock valued at $19,966,000 after purchasing an additional 75,278 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Rev Group by 10.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 688,725 shares of the company’s stock valued at $19,807,000 after purchasing an additional 67,700 shares during the period. Rice Hall James & Associates LLC purchased a new position in shares of Rev Group in the second quarter valued at approximately $18,470,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Rev Group by 32.3% in the second quarter. Ameriprise Financial Inc. now owns 494,849 shares of the company’s stock valued at $13,697,000 after purchasing an additional 120,705 shares during the period.
Rev Group (NASDAQ:REVG) traded down $0.09 during midday trading on Friday, hitting $25.61. 320,958 shares of the company traded hands, compared to its average volume of 697,789. Rev Group has a 1 year low of $23.55 and a 1 year high of $31.60.
Rev Group (NASDAQ:REVG) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. Rev Group had a net margin of 2.55% and a return on equity of 11.25%. The firm had revenue of $595.60 million during the quarter, compared to analyst estimates of $619.57 million. The business’s revenue for the quarter was up 12.8% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Monday, October 30th.
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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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