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

Shares of REV Group, Inc. (NYSE:REVG) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $49.25.

REVG has been the subject of several recent research reports. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th.

REV Group Stock Performance

Shares of NYSE REVG opened at $63.90 on Friday. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. The business has a 50 day simple moving average of $63.89 and a 200 day simple moving average of $60.63. REV Group has a 52 week low of $26.51 and a 52 week high of $69.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51.

Institutional Investors Weigh In On REV Group

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in REV Group by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,726 shares of the company’s stock worth $971,000 after purchasing an additional 1,520 shares during the period. Marshall Wace LLP boosted its position in REV Group by 54.5% during the second quarter. Marshall Wace LLP now owns 62,786 shares of the company’s stock worth $2,988,000 after purchasing an additional 22,153 shares during the period. State Street Corp boosted its position in REV Group by 11.2% during the second quarter. State Street Corp now owns 1,345,451 shares of the company’s stock worth $64,108,000 after purchasing an additional 135,875 shares during the period. Qube Research & Technologies Ltd boosted its position in REV Group by 22.0% during the second quarter. Qube Research & Technologies Ltd now owns 237,689 shares of the company’s stock worth $11,312,000 after purchasing an additional 42,827 shares during the period. Finally, Sei Investments Co. boosted its position in REV Group by 28.7% during the second quarter. Sei Investments Co. now owns 97,309 shares of the company’s stock worth $4,631,000 after purchasing an additional 21,722 shares during the period.

About REV Group

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.