Rev Group (NYSE:REVG) had its target price upped by investment analysts at SunTrust Banks to $39.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. SunTrust Banks’ target price points to a potential upside of 24.24% from the stock’s current price.
Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Rev Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Stifel Nicolaus boosted their target price on shares of Rev Group from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Rev Group currently has a consensus rating of “Buy” and an average price target of $33.70.
Shares of Rev Group (REVG) opened at $31.39 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40. Rev Group has a 12 month low of $23.38 and a 12 month high of $33.15. The firm has a market cap of $2,032.79 and a price-to-earnings ratio of 74.74.
In other news, Director Joel M. Rotroff sold 985 shares of the company’s stock in a transaction dated 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 owns 3,205 shares in the company, valued at $83,618.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its position in shares of Rev Group by 0.8% during the second quarter. Macquarie Group Ltd. now owns 69,289 shares of the company’s stock worth $1,918,000 after acquiring an additional 527 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Rev Group by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 42,565 shares of the company’s stock worth $1,178,000 after purchasing an additional 1,592 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Rev Group by 5.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 49,295 shares of the company’s stock worth $1,418,000 after purchasing an additional 2,455 shares during the period. TD Asset Management Inc. lifted its holdings in Rev Group by 15.0% in the third quarter. TD Asset Management Inc. now owns 26,019 shares of the company’s stock worth $748,000 after purchasing an additional 3,400 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in Rev Group in the third quarter worth about $128,000. Institutional investors and hedge funds own 24.98% of the company’s stock.
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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).
