REV Group (NYSE:REVG – Get Rating) had its price objective upped by research analysts at Credit Suisse Group to $9.00 in a report released on Tuesday, Stock Target Advisor reports. Credit Suisse Group's price target would indicate a potential downside of 22.88% from the stock's current price.
A number of other equities research analysts also recently commented on REVG. Robert W. Baird cut their price objective on REV Group from $14.00 to $12.00 in a research report on Tuesday, June 7th. The Goldman Sachs Group cut their price objective on REV Group from $13.25 to $11.50 and set a "sell" rating on the stock in a report on Thursday, June 9th. BMO Capital Markets decreased their target price on shares of REV Group from $15.00 to $13.00 in a report on Thursday, June 9th. StockNews.com upgraded shares of REV Group from a "hold" rating to a "buy" rating in a report on Thursday, September 8th. Finally, DA Davidson started coverage on shares of REV Group in a research note on Tuesday, June 28th. They issued a "neutral" rating and a $11.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, REV Group presently has an average rating of "Hold" and an average price target of $11.42.
Get REV Group alerts:REV Group Price Performance
REVG stock traded down $0.40 during trading hours on Tuesday, hitting $11.67. 231,727 shares of the stock traded hands, compared to its average volume of 278,206. The stock has a 50-day simple moving average of $11.45 and a 200 day simple moving average of $11.99. The company has a market cap of $692.31 million, a P/E ratio of 106.10 and a beta of 2.03. REV Group has a one year low of $9.50 and a one year high of $18.35. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.56.
REV Group (NYSE:REVG – Get Rating) last released its earnings results on Wednesday, September 7th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The business had revenue of $594.80 million for the quarter, compared to the consensus estimate of $592.62 million. REV Group had a net margin of 0.28% and a return on equity of 9.17%. The business's revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Equities analysts forecast that REV Group will post 0.69 earnings per share for the current year.Hedge Funds Weigh In On REV Group
Several institutional investors and hedge funds have recently modified their holdings of REVG. Pzena Investment Management LLC increased its holdings in REV Group by 1.2% in the second quarter. Pzena Investment Management LLC now owns 4,077,081 shares of the company's stock worth $44,318,000 after buying an additional 48,489 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of REV Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,301,903 shares of the company's stock valued at $44,245,000 after purchasing an additional 9,814 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of REV Group by 3.6% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,289,417 shares of the company's stock valued at $46,546,000 after purchasing an additional 114,516 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in REV Group by 14.6% in the fourth quarter. Alliancebernstein L.P. now owns 2,559,283 shares of the company's stock worth $36,214,000 after purchasing an additional 326,183 shares in the last quarter. Finally, BlackRock Inc. increased its position in REV Group by 9.1% during the first quarter. BlackRock Inc. now owns 2,222,050 shares of the company's stock worth $29,776,000 after buying an additional 186,146 shares during the last quarter. 97.19% of the stock is currently owned by hedge funds and other institutional investors.
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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