REV Group, Inc. (NYSE:REVG) Receives Consensus Recommendation of “Hold” from Brokerages

REV Group, Inc. (NYSE:REVG) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $49.25.

A number of analysts recently weighed in on REVG shares. Zacks Research lowered shares of REV Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. DA Davidson cut REV Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $68.00 to $57.00 in a research note on Friday, October 31st. Baird R W downgraded REV Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Morgan Stanley set a $55.00 price objective on REV Group in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of REV Group in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On REV Group

Large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in shares of REV Group by 298.5% during the third quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after acquiring an additional 409 shares during the period. IFP Advisors Inc grew its stake in REV Group by 798.5% in the third quarter. IFP Advisors Inc now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 527 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in REV Group during the 2nd quarter worth $38,000. Covestor Ltd increased its holdings in REV Group by 22,600.0% during the 3rd quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after purchasing an additional 678 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in REV Group during the 1st quarter valued at $54,000.

REV Group Stock Up 1.4%

Shares of REVG opened at $61.27 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $55.48 and a 200 day moving average of $52.78. The company has a market cap of $2.99 billion, a PE ratio of 32.08 and a beta of 1.13. REV Group has a 52-week low of $26.51 and a 52-week high of $64.47.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.05. The business had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, sell-side analysts expect that REV Group will post 2.12 EPS for the current year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. REV Group’s dividend payout ratio is presently 12.57%.

REV Group Company Profile

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.