REV Group, Inc. (NYSE:REVG) Given Consensus Rating of “Hold” by Analysts

REV Group, Inc. (NYSE:REVG) has been given an average recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $49.25.

REVG has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. DA Davidson lowered shares of REV Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $68.00 to $57.00 in a report on Friday, October 31st. Morgan Stanley set a $55.00 price target on shares of REV Group in a research report on Tuesday, November 4th. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $55.00 target price (down from $64.00) on shares of REV Group in a research note on Monday, December 1st.

REV Group Price Performance

Shares of NYSE:REVG opened at $63.90 on Friday. The company has a market capitalization of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. The stock has a fifty day moving average of $61.69 and a 200-day moving average of $56.84. REV Group has a one year low of $26.51 and a one year high of $69.92.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company had revenue of $664.40 million for the quarter, compared to analyst estimates of $646.77 million. During the same period in the previous year, the firm earned $0.51 earnings per share. REV Group’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that REV Group will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. REV Group’s dividend payout ratio (DPR) is presently 12.57%.

Hedge Funds Weigh In On REV Group

Large investors have recently made changes to their positions in the business. Virtue Capital Management LLC bought a new stake in REV Group in the third quarter worth $942,000. JPMorgan Chase & Co. lifted its position in shares of REV Group by 125.7% in the second quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock worth $12,156,000 after buying an additional 142,243 shares during the last quarter. Versor Investments LP bought a new stake in shares of REV Group during the 2nd quarter worth about $866,000. Neuberger Berman Group LLC increased its holdings in shares of REV Group by 338.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock valued at $46,191,000 after acquiring an additional 749,113 shares during the last quarter. Finally, Savant Capital LLC bought a new position in shares of REV Group in the 2nd quarter valued at approximately $302,000.

About REV Group

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.