According to Zacks, “REV Group, Inc. designs, manufactures and distributes specialty vehicles, and related aftermarket parts and services. Its operating segment includes Fire & Emergency, Commercial and Recreation. Fire & Emergency segment provides ambulances, fire apparatus, school buses, mobility vans and municipal transit buses. Commercial segment provides industrial and commercial services through terminal trucks, cut-away buses and street sweepers. Recreation segment provides consumer leisure through recreational vehicles and luxury buses. REV Group, Inc. is headquartered in Milwaukee, WI. “
Several other research firms have also recently weighed in on REVG. BMO Capital Markets lowered their price objective on Rev Group to $12.50 and set an “outperform” rating on the stock in a research report on Monday, March 18th. They noted that the move was a valuation call. Deutsche Bank set a $9.00 price target on Rev Group and gave the stock a “hold” rating in a research report on Friday, March 8th. Finally, Credit Suisse Group cut Rev Group from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $16.00 to $8.00 in a research report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.25.
Rev Group stock traded down $0.15 during mid-day trading on Wednesday, hitting $12.09. 4,968 shares of the company’s stock traded hands, compared to its average volume of 172,719. Rev Group has a fifty-two week low of $6.41 and a fifty-two week high of $18.62. The company has a market capitalization of $775.66 million, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.04 and a beta of 2.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.32 and a quick ratio of 0.81.
Rev Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.07). Rev Group had a negative net margin of 0.46% and a positive return on equity of 9.21%. The business had revenue of $518.70 million for the quarter, compared to analyst estimates of $510.80 million. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Rev Group will post 1.13 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in REVG. Covington Capital Management acquired a new stake in shares of Rev Group during the fourth quarter valued at about $29,000. Bank of Montreal Can boosted its stake in shares of Rev Group by 211.1% during the first quarter. Bank of Montreal Can now owns 3,883 shares of the company’s stock valued at $43,000 after purchasing an additional 2,635 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its stake in shares of Rev Group by 312.5% during the first quarter. Northern Oak Wealth Management Inc. now owns 4,125 shares of the company’s stock valued at $45,000 after purchasing an additional 3,125 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Rev Group by 238.6% during the first quarter. BNP Paribas Arbitrage SA now owns 6,727 shares of the company’s stock valued at $74,000 after purchasing an additional 4,740 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Rev Group by 269.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,683 shares of the company’s stock valued at $80,000 after purchasing an additional 7,792 shares in the last quarter.
Rev Group Company Profile
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
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