Rev Group Inc (REVG) Given Average Rating of “Buy” by Analysts

Shares of Rev Group Inc (NYSE:REVG) have been given a consensus recommendation of “Buy” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $33.44.

A number of research firms have recently commented on REVG. SunTrust Banks boosted their price objective on Rev Group to $39.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Rev Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 28th. Finally, Stifel Nicolaus boosted their price objective on Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st.

Shares of Rev Group (REVG) traded up $0.42 during mid-day trading on Friday, reaching $31.92. The company’s stock had a trading volume of 849,863 shares, compared to its average volume of 409,385. The company has a quick ratio of 0.67, a current ratio of 1.77 and a debt-to-equity ratio of 0.40. Rev Group has a one year low of $23.38 and a one year high of $33.15. The firm has a market cap of $2,050.00 and a price-to-earnings ratio of 67.91.

Rev Group (NYSE:REVG) last announced its quarterly earnings results on Tuesday, December 19th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). Rev Group had a return on equity of 12.17% and a net margin of 1.38%. The business had revenue of $683.90 million for the quarter, compared to analyst estimates of $705.73 million. The company’s revenue was up 25.5% on a year-over-year basis. analysts predict that Rev Group will post 1.72 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, January 26th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, January 25th. Rev Group’s dividend payout ratio is presently 127.66%.

In other news, Director Joel M. Rotroff sold 985 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $26.09, for a total transaction of $25,698.65. Following the sale, the director now directly owns 3,205 shares of the company’s stock, valued at $83,618.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several institutional investors have recently made changes to their positions in REVG. Envestnet Asset Management Inc. acquired a new stake in shares of Rev Group during the third quarter worth $128,000. Private Advisor Group LLC acquired a new stake in shares of Rev Group during the third quarter worth $224,000. Bluestein R H & Co. acquired a new stake in shares of Rev Group during the third quarter worth $230,000. Virtu KCG Holdings LLC acquired a new stake in shares of Rev Group during the second quarter worth $249,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Rev Group during the second quarter worth $268,000. 24.98% of the stock is currently owned by institutional investors.

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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).

Analyst Recommendations for Rev Group (NYSE:REVG)

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