REV Group, Inc. (NYSE:REVG) Given Consensus Rating of “Moderate Buy” by Brokerages

REV Group, Inc. (NYSE:REVG) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $56.50.

REVG has been the subject of several analyst reports. Wall Street Zen upgraded REV Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Morgan Stanley set a $64.00 price objective on REV Group in a report on Tuesday, September 9th. DA Davidson raised their price objective on REV Group from $55.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of REV Group in a report on Saturday, September 27th.

REV Group Price Performance

Shares of NYSE REVG opened at $53.98 on Monday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 25.46 and a beta of 1.16. The business has a 50-day moving average of $54.93 and a 200-day moving average of $44.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. REV Group has a fifty-two week low of $25.76 and a fifty-two week high of $64.47.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.16. The company had revenue of $644.90 million during the quarter, compared to analysts’ expectations of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.REV Group’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that REV Group will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, September 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. REV Group’s dividend payout ratio (DPR) is presently 11.32%.

Hedge Funds Weigh In On REV Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. grew its holdings in REV Group by 2.6% during the second quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock worth $454,000 after purchasing an additional 239 shares during the period. Orion Porfolio Solutions LLC acquired a new stake in REV Group during the second quarter worth approximately $212,000. Thrivent Financial for Lutherans acquired a new stake in REV Group during the second quarter worth approximately $4,891,000. Neuberger Berman Group LLC lifted its position in REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock worth $46,191,000 after acquiring an additional 749,113 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in REV Group during the second quarter worth approximately $514,000.

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.