REV Group, Inc. (NYSE:REVG – Get Free Report) has been assigned a consensus recommendation of “Hold” from the four brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.90.
Several brokerages have recently weighed in on REVG. StockNews.com began coverage on REV Group in a research note on Thursday, August 17th. They issued a “strong-buy” rating for the company. TheStreet raised REV Group from a “c” rating to a “b” rating in a research note on Friday, June 16th. BMO Capital Markets raised their target price on REV Group from $14.00 to $15.00 in a research note on Wednesday, June 14th. Finally, Credit Suisse Group raised their target price on REV Group from $11.00 to $12.00 in a research note on Friday, June 9th.
Institutional Investors Weigh In On REV Group
REV Group Trading Up 1.8 %
Shares of REVG stock opened at $13.05 on Friday. The stock has a market cap of $776.34 million, a price-to-earnings ratio of 40.78 and a beta of 1.98. The stock has a 50-day moving average of $13.27 and a 200-day moving average of $12.17. The company has a current ratio of 1.73, a quick ratio of 0.50 and a debt-to-equity ratio of 0.51. REV Group has a 1-year low of $9.85 and a 1-year high of $16.38.
REV Group (NYSE:REVG – Get Free Report) last issued its quarterly earnings results on Thursday, June 8th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.15. The company had revenue of $681.20 million during the quarter, compared to analysts’ expectations of $580.47 million. REV Group had a return on equity of 10.94% and a net margin of 0.76%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities research analysts forecast that REV Group will post 0.82 earnings per share for the current year.
About REV Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Europe, 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, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands.
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