REV Group (NYSE:REVG) Sets New 12-Month High – Still a Buy?

REV Group, Inc. (NYSE:REVG) hit a new 52-week high on Wednesday . The company traded as high as $35.96 and last traded at $34.08, with a volume of 529487 shares traded. The stock had previously closed at $29.60.

Analyst Upgrades and Downgrades

Several research firms have issued reports on REVG. DA Davidson reiterated a “buy” rating and issued a $33.00 target price on shares of REV Group in a research note on Thursday, September 5th. StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group raised their target price on shares of REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research note on Thursday, September 5th.

REV Group Stock Performance

The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.81 billion, a PE ratio of 8.13 and a beta of 1.61. The business has a 50 day simple moving average of $29.03 and a 200 day simple moving average of $27.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of REV Group by 68.3% in the third quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after purchasing an additional 2,504,568 shares during the last quarter. Anthracite Investment Company Inc. purchased a new position in REV Group during the 3rd quarter worth approximately $6,334,000. Principal Financial Group Inc. lifted its stake in REV Group by 151.4% during the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after acquiring an additional 30,262 shares during the period. American Century Companies Inc. lifted its stake in REV Group by 25.9% during the 2nd quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock valued at $2,381,000 after acquiring an additional 19,674 shares during the period. Finally, Natixis Advisors LLC purchased a new stake in shares of REV Group in the 2nd quarter valued at $753,000.

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.