REV Group, Inc. (NYSE:REVG) Receives $49.25 Consensus Target Price from Analysts

REV Group, Inc. (NYSE:REVG) has been given an average rating of “Hold” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $49.25.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $55.00 price target on shares of REV Group in a report on Tuesday, November 4th. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price (down from $64.00) on shares of REV Group in a research note on Monday, December 1st. DA Davidson downgraded shares of REV Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $68.00 to $57.00 in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Finally, Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in REV Group by 19.1% during the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after purchasing an additional 181 shares during the last quarter. RD Lewis Holdings Inc. increased its holdings in shares of REV Group by 3.0% in the 2nd quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock worth $345,000 after buying an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of REV Group by 4.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock valued at $250,000 after buying an additional 218 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of REV Group by 2.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock valued at $454,000 after buying an additional 239 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of REV Group by 4.4% during the 3rd quarter. Savant Capital LLC now owns 6,615 shares of the company’s stock worth $375,000 after acquiring an additional 278 shares during the last quarter.

REV Group Price Performance

Shares of NYSE:REVG opened at $63.50 on Friday. The company has a 50-day moving average price of $62.13 and a two-hundred day moving average price of $57.15. REV Group has a twelve month low of $26.51 and a twelve month high of $69.92. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.10 billion, a PE ratio of 33.25 and a beta of 1.17.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The business had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $646.77 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts forecast that REV Group will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. REV Group’s dividend payout ratio (DPR) is presently 12.57%.

REV Group Company Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.