REV Group (NYSE:REVG) Stock Price Expected to Rise, DA Davidson Analyst Says

REV Group (NYSE:REVG) had its price target raised by DA Davidson from $39.00 to $51.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on REVG. The Goldman Sachs Group boosted their price objective on REV Group from $26.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, May 27th. Wall Street Zen upgraded REV Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley cut REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, REV Group currently has an average rating of “Hold” and an average price target of $38.00.

REV Group Price Performance

Shares of NYSE:REVG opened at $44.87 on Thursday. The company’s 50-day moving average is $34.53 and its 200 day moving average is $33.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The company has a market capitalization of $2.19 billion, a P/E ratio of 9.99 and a beta of 1.12. REV Group has a fifty-two week low of $21.54 and a fifty-two week high of $45.54.

REV Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. REV Group had a net margin of 10.82% and a return on equity of 17.74%. The company had revenue of $629.10 million for the quarter, compared to the consensus estimate of $603.51 million. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that REV Group will post 2.12 earnings per share for the current year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, June 27th. REV Group’s dividend payout ratio is presently 12.77%.

Institutional Investors Weigh In On REV Group

Several hedge funds and other institutional investors have recently modified their holdings of REVG. High Ground Investment Management LLP bought a new stake in shares of REV Group during the first quarter valued at about $59,288,000. FMR LLC increased its position in shares of REV Group by 26.7% during the fourth quarter. FMR LLC now owns 7,819,739 shares of the company’s stock valued at $249,215,000 after buying an additional 1,646,293 shares during the period. Aberdeen Group plc bought a new stake in shares of REV Group during the first quarter valued at about $25,796,000. Invesco Ltd. increased its position in shares of REV Group by 43.4% during the fourth quarter. Invesco Ltd. now owns 1,731,557 shares of the company’s stock valued at $55,185,000 after buying an additional 524,369 shares during the period. Finally, American Century Companies Inc. increased its position in shares of REV Group by 345.5% during the first quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock valued at $20,346,000 after buying an additional 499,328 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.