Rev Group (NYSE:REVG) Lowered to “Sell” at Zacks Investment Research

Rev Group (NYSE:REVG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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. “

A number of other equities research analysts also recently issued reports on REVG. ValuEngine raised shares of Rev Group from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Robert W. Baird set a $13.00 price target on shares of Rev Group and gave the stock a “buy” rating in a report on Friday, June 7th. BMO Capital Markets decreased their price objective on shares of 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. Finally, Deutsche Bank set a $9.00 price objective on shares of Rev Group and gave the stock a “hold” rating in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.45.

Shares of Rev Group stock opened at $13.57 on Wednesday. Rev Group has a 12-month low of $6.41 and a 12-month high of $17.88. The stock has a market capitalization of $823.02 million, a PE ratio of 13.17, a PEG ratio of 1.18 and a beta of 2.74. The company has a current ratio of 2.16, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89.

Rev Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Rev Group had a negative net margin of 0.53% and a positive return on equity of 9.19%. The firm had revenue of $615.00 million for the quarter, compared to the consensus estimate of $626.34 million. During the same period in the prior year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts anticipate that Rev Group will post 1.07 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Covington Capital Management bought a new position in Rev Group during the fourth quarter valued at approximately $29,000. Bank of Montreal Can grew its position in 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 acquiring an additional 2,635 shares during the last quarter. Northern Oak Wealth Management Inc. grew its position in 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 acquiring an additional 3,125 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in 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 acquiring an additional 4,740 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in 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 acquiring an additional 7,792 shares during the last quarter.

About Rev Group

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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