REV Group (NYSE:REVG) PT Raised to $16.00 at DA Davidson

REV Group (NYSE:REVG) had its price target boosted by equities researchers at DA Davidson from $13.50 to $16.00 in a report released on Thursday, FlyOnTheWall reports. DA Davidson’s target price points to a potential upside of 11.58% from the stock’s previous close.

REVG has been the topic of a number of other research reports. StockNews.com cut shares of REV Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird lifted their target price on shares of REV Group from $16.00 to $20.00 in a research report on Wednesday. The Goldman Sachs Group lifted their target price on shares of REV Group from $13.00 to $14.00 in a research report on Wednesday. TheStreet upgraded shares of REV Group from a “c” rating to a “b” rating in a research report on Friday, June 16th. Finally, BMO Capital Markets boosted their price objective on shares of REV Group from $14.00 to $15.00 in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.17.

REV Group Price Performance

Shares of NYSE REVG traded up $0.35 during mid-day trading on Thursday, reaching $14.34. 136,754 shares of the company were exchanged, compared to its average volume of 175,303. The stock has a market capitalization of $853.16 million, a PE ratio of 45.06 and a beta of 1.98. The company’s 50 day moving average price is $13.28 and its 200 day moving average price is $12.19. REV Group has a 52 week low of $9.85 and a 52 week high of $16.38. The company has a quick ratio of 0.50, a current ratio of 1.73 and a debt-to-equity ratio of 0.51.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, September 13th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The company had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $627.17 million. REV Group had a net margin of 0.76% and a return on equity of 10.94%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Sell-side analysts forecast that REV Group will post 0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On REV Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of REV Group by 101.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock valued at $25,000 after buying an additional 941 shares during the period. Belpointe Asset Management LLC purchased a new position in shares of REV Group during the fourth quarter valued at about $27,000. Quarry LP increased its position in shares of REV Group by 69.6% during the second quarter. Quarry LP now owns 2,692 shares of the company’s stock valued at $36,000 after buying an additional 1,105 shares during the period. Advisor Group Holdings Inc. increased its position in shares of REV Group by 63.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock valued at $39,000 after buying an additional 1,208 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of REV Group during the second quarter valued at about $63,000. Hedge funds and other institutional investors own 94.92% of the company’s stock.

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.