REV Group, Inc. (REVG) Given Average Rating of “Buy” by Analysts

Shares of REV Group, Inc. (NYSE:REVG) have earned an average recommendation of “Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $32.44.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of REV Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Wednesday, August 9th. SunTrust Banks assumed coverage on shares of REV Group in a research note on Friday, November 17th. They issued a “buy” rating and a $33.00 target price on the stock.

In related news, COO Thomas B. Phillips sold 10,000 shares of REV Group stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $26.73, for a total value of $267,300.00. Following the sale, the chief operating officer now owns 10,000 shares in the company, valued at $267,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kim A. Marvin sold 40,263 shares of REV Group stock in a transaction on 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 owns 150,671 shares in the company, valued at approximately $3,931,006.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,248 shares of company stock worth $1,343,460.

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. bought a new stake in REV Group in the third quarter valued at $128,000. Private Advisor Group LLC bought a new stake in REV Group in the third quarter valued at $224,000. Bluestein R H & Co. bought a new stake in REV Group in the third quarter valued at $230,000. JPMorgan Chase & Co. bought a new stake in REV Group in the first quarter valued at $225,000. Finally, Virtu KCG Holdings LLC bought a new stake in shares of REV Group during the 2nd quarter valued at $249,000. Institutional investors and hedge funds own 24.99% of the company’s stock.

REV Group (REVG) traded down $0.13 during mid-day trading on Thursday, hitting $27.31. 545,209 shares of the company’s stock traded hands, compared to its average volume of 328,027. The company has a current ratio of 2.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.55. REV Group has a 52-week low of $23.38 and a 52-week high of $31.60.

REV Group (NYSE:REVG) last issued its earnings results 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 0.98% and a return on equity of 10.51%. The company had revenue of $595.60 million for the quarter, compared to the consensus estimate of $619.57 million. REV Group’s revenue was up 12.8% on a year-over-year basis. analysts anticipate that REV Group will post 0.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, October 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, October 30th. REV Group’s payout ratio is 187.50%.

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About REV Group

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).

Analyst Recommendations for REV Group (NYSE:REVG)

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