Rev Group (NYSE:REVG) received a $32.00 price objective from investment analysts at Morgan Stanley in a report released on Monday. The firm presently has a “hold” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 43.11% from the company’s previous close.
A number of other research analysts have also weighed in on REVG. Zacks Investment Research lowered shares of Rev Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 28th. Stifel Nicolaus set a $36.00 target price on shares of Rev Group and gave the company a “buy” rating in a report on Friday, February 9th. SunTrust Banks started coverage on shares of Rev Group in a report on Friday, November 17th. They issued a “buy” rating and a $33.00 target price for the company. Wells Fargo & Co lowered shares of Rev Group from an “outperform” rating to a “market perform” rating and set a $26.00 target price for the company. in a report on Friday. Finally, Robert W. Baird set a $30.00 price objective on shares of Rev Group and gave the stock a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.75.
Shares of Rev Group (NYSE:REVG) traded down $0.90 on Monday, reaching $22.36. 1,140,387 shares of the company’s stock were exchanged, compared to its average volume of 521,534. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.75 and a current ratio of 2.19. Rev Group has a twelve month low of $22.35 and a twelve month high of $33.15. The stock has a market cap of $1,501.25, a price-to-earnings ratio of 27.27, a P/E/G ratio of 0.53 and a beta of 0.62.
Several large investors have recently added to or reduced their stakes in the company. Aip LLC bought a new stake in shares of Rev Group during the fourth quarter worth $1,098,678,000. BlackRock Inc. lifted its position in shares of Rev Group by 69.5% during the fourth quarter. BlackRock Inc. now owns 1,525,024 shares of the company’s stock worth $49,609,000 after purchasing an additional 625,448 shares during the last quarter. Bamco Inc. NY lifted its position in shares of Rev Group by 19.0% during the fourth quarter. Bamco Inc. NY now owns 1,250,000 shares of the company’s stock worth $40,662,000 after purchasing an additional 200,000 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Rev Group by 74.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,242,955 shares of the company’s stock worth $40,434,000 after purchasing an additional 530,403 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Rev Group by 36.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 942,050 shares of the company’s stock worth $30,645,000 after purchasing an additional 253,325 shares during the last quarter. Institutional investors and hedge funds own 95.40% of the company’s stock.
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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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