REV Group (NYSE:REVG) Downgraded by StockNews.com

StockNews.com downgraded shares of REV Group (NYSE:REVG) from a strong-buy rating to a buy rating in a report released on Thursday.

Separately, The Goldman Sachs Group upped their price target on REV Group from $18.00 to $20.00 and gave the company a sell rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, REV Group presently has an average rating of Moderate Buy and a consensus price target of $17.60.

REV Group Stock Down 2.3 %

REV Group stock opened at $21.24 on Thursday. The business has a 50 day moving average price of $20.64 and a two-hundred day moving average price of $18.12. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 5.24 and a beta of 1.70. REV Group has a 12 month low of $9.85 and a 12 month high of $23.85.

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

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.05 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.94%. REV Group’s dividend payout ratio is currently 4.94%.

Institutional Investors Weigh In On REV Group

Large investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of REV Group in the 4th quarter valued at approximately $39,000. National Bank of Canada FI grew its stake in shares of REV Group by 236.8% in the 3rd quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock valued at $55,000 after purchasing an additional 2,368 shares during the period. New York State Teachers Retirement System bought a new stake in shares of REV Group in the 1st quarter valued at approximately $63,000. AJOVista LLC bought a new stake in shares of REV Group in the 4th quarter valued at approximately $68,000. Finally, SG Americas Securities LLC bought a new stake in shares of REV Group in the 3rd quarter valued at approximately $117,000.

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.