REV Group (NYSE:REVG) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of REV Group (NYSE:REVG) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

Separately, The Goldman Sachs Group boosted their price objective on REV Group from $18.00 to $20.00 and gave the company a sell rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $17.60.

REV Group Stock Performance

NYSE REVG opened at $21.15 on Tuesday. The business’s fifty day moving average is $20.19 and its 200 day moving average is $17.88. REV Group has a fifty-two week low of $9.85 and a fifty-two week high of $23.85. The company has a market capitalization of $1.10 billion, a PE ratio of 5.22 and a beta of 1.70.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.15 by $0.10. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The business had revenue of $586.00 million for the quarter, compared to the consensus estimate of $579.42 million. During the same period in the previous year, the business earned $0.04 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts forecast that REV Group will post 1.35 EPS for the current year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.20 annualized dividend and a yield of 0.95%. REV Group’s payout ratio is currently 4.94%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in shares of REV Group during the first quarter valued at approximately $5,764,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of REV Group during the first quarter valued at approximately $269,000. Toth Financial Advisory Corp bought a new position in shares of REV Group during the first quarter valued at approximately $641,000. Wellington Management Group LLP grew its stake in shares of REV Group by 16.1% during the fourth quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock valued at $8,906,000 after buying an additional 68,047 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of REV Group during the fourth quarter valued at approximately $187,000.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, 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, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.