Brokerages Set REV Group, Inc. (NYSE:REVG) PT at $13.90

REV Group, Inc. (NYSE:REVG) 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

A number of hedge funds have recently added to or reduced their stakes in REVG. Tower Research Capital LLC TRC grew its stake in REV Group by 101.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock valued at $25,000 after acquiring an additional 941 shares during the period. Belpointe Asset Management LLC acquired a new stake in REV Group in the fourth quarter valued at approximately $27,000. Quarry LP grew its stake in REV Group by 69.6% in the second quarter. Quarry LP now owns 2,692 shares of the company’s stock valued at $36,000 after acquiring an additional 1,105 shares during the period. Advisor Group Holdings Inc. grew its stake in REV Group by 63.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock valued at $39,000 after acquiring an additional 1,208 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in REV Group by 57.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,395 shares of the company’s stock valued at $43,000 after acquiring an additional 1,239 shares during the period. Institutional investors and hedge funds own 94.92% of the company’s stock.

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) 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.