REV Group (NYSE:REVG) Given New $20.00 Price Target at The Goldman Sachs Group

REV Group (NYSE:REVG) had its target price raised by The Goldman Sachs Group from $18.00 to $20.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a sell rating on the stock.

Separately, StockNews.com cut REV Group from a strong-buy rating to a buy rating in a research note on Saturday, March 30th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $17.60.

REV Group Trading Down 2.2 %

Shares of NYSE:REVG opened at $21.61 on Tuesday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 5.34 and a beta of 1.70. REV Group has a 1-year low of $9.85 and a 1-year high of $23.85. The business has a 50-day moving average price of $20.06 and a two-hundred day moving average price of $17.83.

REV Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. The company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. REV Group’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 EPS. As a group, equities analysts predict that REV Group will post 1.35 EPS for the current year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. REV Group’s dividend payout ratio is presently 4.94%.

Hedge Funds Weigh In On REV Group

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in shares of REV Group by 101.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock valued at $25,000 after purchasing an additional 941 shares during the period. Quarry LP grew its position in shares of REV Group by 48.1% in the 4th quarter. Quarry LP now owns 1,762 shares of the company’s stock valued at $32,000 after purchasing an additional 572 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of REV Group in the 4th quarter valued at approximately $39,000. Advisor Group Holdings Inc. grew its position in shares of REV Group by 63.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock valued at $39,000 after purchasing an additional 1,208 shares during the period. Finally, National Bank of Canada FI grew its position in shares of REV Group by 236.8% in the 3rd quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock valued at $55,000 after purchasing an additional 2,368 shares during the period.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.