REV Group (NYSE:REVG) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of REV Group (NYSE:REVG) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other research analysts also recently commented on the stock. Wall Street Zen raised shares of REV Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Morgan Stanley set a $64.00 price objective on shares of REV Group in a report on Tuesday, September 9th. Robert W. Baird raised their price objective on shares of REV Group from $50.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Finally, DA Davidson raised their price objective on shares of REV Group from $55.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, REV Group has an average rating of “Moderate Buy” and an average target price of $56.50.

REV Group Stock Down 2.3%

REV Group stock opened at $53.97 on Wednesday. REV Group has a twelve month low of $25.76 and a twelve month high of $64.47. The firm has a 50 day moving average price of $54.81 and a 200-day moving average price of $44.21. The company has a market capitalization of $2.63 billion, a P/E ratio of 25.46 and a beta of 1.16. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.63 by $0.16. The company had revenue of $644.90 million during the quarter, compared to the consensus estimate of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 27.25%. REV Group’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. As a group, equities analysts predict that REV Group will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, September 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. REV Group’s dividend payout ratio (DPR) is 11.32%.

Institutional Trading of REV Group

Several institutional investors and hedge funds have recently made changes to their positions in REVG. KBC Group NV purchased a new stake in shares of REV Group during the 1st quarter valued at $33,000. Canada Pension Plan Investment Board purchased a new stake in shares of REV Group during the 2nd quarter valued at $38,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of REV Group during the 1st quarter valued at $54,000. AlphaQuest LLC raised its position in shares of REV Group by 5,215.4% during the 2nd quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after buying an additional 1,356 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its position in REV Group by 71.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company’s stock worth $68,000 after purchasing an additional 899 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.