REV Group (NYSE:REVG) Lifted to “Strong-Buy” at StockNews.com

REV Group (NYSE:REVG) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Separately, The Goldman Sachs Group increased their price objective on REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

REV Group Stock Performance

Shares of NYSE REVG traded down $0.49 during mid-day trading on Tuesday, reaching $21.61. 747,961 shares of the company traded hands, compared to its average volume of 891,809. The stock has a market cap of $1.12 billion, a PE ratio of 5.34 and a beta of 1.70. The company’s fifty day moving average is $20.06 and its two-hundred day moving average is $17.83. REV Group has a fifty-two week low of $9.85 and a fifty-two week high of $23.85.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. Research analysts forecast that REV Group will post 1.35 earnings per share for the current year.

Institutional Trading of REV Group

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of REV Group by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 3,301,903 shares of the company’s stock worth $44,245,000 after acquiring an additional 9,814 shares during the period. Alliancebernstein L.P. lifted its position in shares of REV Group by 0.9% in the 4th quarter. Alliancebernstein L.P. now owns 3,094,436 shares of the company’s stock worth $39,052,000 after acquiring an additional 28,470 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of REV Group by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company’s stock worth $53,846,000 after acquiring an additional 39,484 shares during the period. BlackRock Inc. lifted its position in shares of REV Group by 0.6% in the 2nd quarter. BlackRock Inc. now owns 2,262,978 shares of the company’s stock worth $30,007,000 after acquiring an additional 13,817 shares during the period. Finally, Invesco Ltd. lifted its position in shares of REV Group by 1.3% in the 1st quarter. Invesco Ltd. now owns 917,940 shares of the company’s stock worth $12,300,000 after acquiring an additional 11,697 shares during the period.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, 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, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.