REV Group (NYSE:REVG – Get Rating) had its price target hoisted by Credit Suisse Group to $9.00 in a report issued on Tuesday morning, Stock Target Advisor reports.
REVG has been the topic of several other reports. The Goldman Sachs Group reduced their target price on REV Group from $13.25 to $11.50 and set a sell rating on the stock in a report on Thursday, June 9th. DA Davidson initiated coverage on REV Group in a research note on Tuesday, June 28th. They issued a neutral rating and a $11.00 price target on the stock. StockNews.com raised REV Group from a hold rating to a buy rating in a research note on Thursday, September 8th. Robert W. Baird dropped their price target on REV Group from $14.00 to $12.00 in a research note on Tuesday, June 7th. Finally, BMO Capital Markets dropped their price target on REV Group from $15.00 to $13.00 in a research note on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, REV Group has a consensus rating of Hold and a consensus price target of $11.42.
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REV Group Stock Performance
NYSE:REVG opened at $11.67 on Tuesday. The stock has a market cap of $692.31 million, a P/E ratio of 106.10 and a beta of 2.03. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average is $11.47 and its 200-day moving average is $11.98. REV Group has a 1-year low of $9.50 and a 1-year high of $18.35.
REV Group (NYSE:REVG – Get Rating) last announced its earnings results on Wednesday, September 7th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. REV Group had a return on equity of 9.17% and a net
margin of 0.28%. The business had revenue of $594.80 million for the quarter, compared to analysts' expectations of $592.62 million. During the same period in the prior year, the business posted $0.36 earnings per share. The firm's revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that REV Group will post 0.69 earnings per share for the current year.
REV Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 29th. REV Group's payout ratio is 181.83%.
Hedge Funds Weigh In On REV Group
A number of institutional investors have recently modified their holdings of REVG. Legal & General Group Plc raised its position in REV Group by 23.9% in the 2nd quarter. Legal & General Group Plc now owns 11,476 shares of the company's stock valued at $125,000 after buying an additional 2,212 shares during the last quarter. AQR Capital Management LLC raised its position in REV Group by 46.5% in the 2nd quarter. AQR Capital Management LLC now owns 161,201 shares of the company's stock valued at $1,752,000 after buying an additional 51,181 shares during the last quarter. State Street Corp raised its position in REV Group by 6.0% in the 2nd quarter. State Street Corp now owns 839,149 shares of the company's stock valued at $9,163,000 after buying an additional 47,274 shares during the last quarter. Citadel Advisors LLC purchased a new stake in REV Group in the 2nd quarter valued at $110,000. Finally, Massachusetts Financial Services Co. MA raised its position in REV Group by 0.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 199,085 shares of the company's stock valued at $2,164,000 after buying an additional 1,006 shares during the last quarter. 97.19% of the stock is owned by institutional investors and hedge funds.
About REV Group
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REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, Europe, Africa, 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, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands.
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