Shares of Rev Group Inc (NYSE:REVG) have been given a consensus recommendation of “Buy” by the twelve analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and eight have assigned 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 $33.44.
REVG has been the subject of several recent research reports. Zacks Investment Research cut Rev Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. SunTrust Banks initiated coverage on Rev Group in a research note on Friday, November 17th. They issued a “buy” rating and a $33.00 price target for the company. Finally, Stifel Nicolaus increased their price target on Rev Group from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, December 21st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. grew its stake in 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 purchasing an additional 527 shares during the period. Bank of New York Mellon Corp grew its stake in Rev Group by 3.9% during 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. grew its stake in Rev Group by 5.2% during 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. grew its stake in Rev Group by 15.0% during 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, Alliancebernstein L.P. grew its stake in Rev Group by 36.1% during the fourth quarter. Alliancebernstein L.P. now owns 16,600 shares of the company’s stock worth $540,000 after purchasing an additional 4,400 shares during the period. 80.45% of the stock is owned by institutional investors and hedge funds.
Rev Group (NYSE:REVG) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $683.90 million during the quarter, compared to analyst estimates of $705.73 million. Rev Group had a net margin of 1.38% and a return on equity of 12.17%. Rev Group’s revenue for the quarter was up 25.5% compared to the same quarter last year. equities research analysts forecast that Rev Group will post 1.75 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, January 26th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, January 25th. This represents a $0.60 annualized dividend and a yield of 2.22%. Rev Group’s dividend payout ratio is currently 127.66%.
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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).
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