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

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

Several other equities research analysts also recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of REV Group from $12.00 to $16.00 in a research note on Wednesday, December 14th. BMO Capital Markets increased their price target on shares of REV Group from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Friday, January 13th. Finally, Morgan Stanley increased their target price on REV Group to $13.00 in a research note on Wednesday, December 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, REV Group currently has an average rating of “Hold” and a consensus price target of $12.42.

REV Group Trading Up 1.5 %

REVG opened at $11.82 on Wednesday. The company’s 50 day simple moving average is $12.78 and its two-hundred day simple moving average is $12.70. REV Group has a 1-year low of $9.50 and a 1-year high of $16.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.68 and a quick ratio of 0.49. The firm has a market capitalization of $707.33 million, a price-to-earnings ratio of 45.46 and a beta of 1.96.

REV Group (NYSE:REVG – Get Rating) last issued its earnings results on Wednesday, December 14th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. REV Group had a return on equity of 9.15% and a net margin of 0.65%. The business had revenue of $623.60 million for the quarter, compared to analyst estimates of $598.38 million. Analysts expect that REV Group will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On REV Group

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in shares of REV Group by 4,975.0% in the fourth quarter. Millennium Management LLC now owns 519,936 shares of the company’s stock valued at $6,562,000 after acquiring an additional 509,691 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in REV Group by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,177,194 shares of the company’s stock valued at $29,176,000 after acquiring an additional 214,781 shares during the last quarter. State Street Corp boosted its stake in REV Group by 32.8% in the first quarter. State Street Corp now owns 791,875 shares of the company’s stock valued at $10,645,000 after acquiring an additional 195,632 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of REV Group by 563.6% during the 1st quarter. Renaissance Technologies LLC now owns 222,300 shares of the company’s stock valued at $2,979,000 after acquiring an additional 188,800 shares during the period. Finally, BlackRock Inc. increased its stake in shares of REV Group by 9.1% during the 1st quarter. BlackRock Inc. now owns 2,222,050 shares of the company’s stock worth $29,776,000 after purchasing an additional 186,146 shares during the last quarter. 98.92% of the stock is owned by institutional investors.

REV Group Company Profile

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REV Group, Inc is a holding company, which engages in the design, manufacture, and distribution of specialty vehicles and related aftermarket parts and services. The company sells its products to municipalities, government agencies, private contractors, and industrial and commercial end users. It operates through the following segments: Fire and Emergency, Commercial, and Recreation.