REV Group (NYSE:REVG) Trading Up 5.8% – Still a Buy?

REV Group, Inc. (NYSE:REVG)’s share price rose 5.8% during mid-day trading on Wednesday . The company traded as high as $56.42 and last traded at $56.70. Approximately 93,926 shares were traded during trading, a decline of 88% from the average daily volume of 780,404 shares. The stock had previously closed at $53.57.

Analyst Ratings Changes

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

REV Group Trading Down 0.9%

The stock has a market cap of $2.75 billion, a P/E ratio of 26.50 and a beta of 1.13. The company has a 50-day moving average price of $54.76 and a two-hundred day moving average price of $51.16. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share for the quarter, beating 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 business had revenue of $644.90 million for the quarter, compared to the consensus estimate of $613.24 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts expect that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

Hedge Funds Weigh In On REV Group

Large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in shares of REV Group by 298.5% in the third quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock valued at $31,000 after acquiring an additional 409 shares in the last quarter. IFP Advisors Inc lifted its position in shares of REV Group by 798.5% in the 3rd quarter. IFP Advisors Inc now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 527 shares during the period. Canada Pension Plan Investment Board purchased a new position in REV Group during the second quarter valued at approximately $38,000. Covestor Ltd raised its stake in REV Group by 22,600.0% in the third quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after buying an additional 678 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in REV Group during the 1st quarter valued at $54,000.

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.