REV Group (NYSE:REVG) Cut to Hold at Baird R W

Baird R W lowered shares of REV Group (NYSE:REVG) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

REVG has been the topic of several other reports. DA Davidson lowered REV Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $68.00 to $57.00 in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of REV Group in a research report on Wednesday, October 8th. Morgan Stanley set a $55.00 price target on shares of REV Group in a research note on Tuesday, November 4th. Zacks Research raised shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 target price (down previously from $64.00) on shares of REV Group in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.25.

REV Group Price Performance

Shares of NYSE:REVG opened at $56.63 on Monday. The company’s fifty day moving average price is $54.76 and its 200-day moving average price is $51.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 26.71 and a beta of 1.13. REV Group has a one year low of $26.51 and a one year high of $64.47.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.16. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The company had revenue of $644.90 million during the quarter, compared to analyst estimates of $613.24 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that REV Group will post 2.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On REV Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in REV Group by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,126,206 shares of the company’s stock worth $290,502,000 after buying an additional 30,651 shares during the period. High Ground Investment Management LLP raised its position in shares of REV Group by 1.9% in the 2nd quarter. High Ground Investment Management LLP now owns 1,911,593 shares of the company’s stock worth $90,973,000 after acquiring an additional 35,382 shares in the last quarter. Invesco Ltd. raised its position in shares of REV Group by 9.4% in the 1st quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock worth $59,869,000 after acquiring an additional 163,026 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of REV Group by 52.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,478,119 shares of the company’s stock valued at $83,765,000 after purchasing an additional 507,524 shares during the period. Finally, State Street Corp boosted its position in shares of REV Group by 11.2% during the second quarter. State Street Corp now owns 1,345,451 shares of the company’s stock valued at $64,108,000 after purchasing an additional 135,875 shares in the last quarter.

About REV Group

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.