Rev Group Inc (REVG) Receives Average Recommendation of “Hold” from Analysts
Rev Group Inc (NYSE:REVG) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.17.
Several brokerages have commented on REVG. Wells Fargo & Co lowered their price objective on shares of Rev Group from $16.00 to $14.00 and set a “market perform” rating for the company in a research report on Tuesday, December 4th. BMO Capital Markets reduced their price objective on shares of Rev Group to $12.50 and set an “outperform” rating on the stock in a research note on Monday, March 18th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Rev Group from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Deutsche Bank set a $9.00 price objective on shares of Rev Group and gave the stock a “hold” rating in a research note on Friday, March 8th. Finally, Credit Suisse Group cut shares of Rev Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $16.00 to $8.00 in a research note on Tuesday, January 22nd.
Hedge funds have recently added to or reduced their stakes in the company. Covington Capital Management purchased a new stake in shares of Rev Group during the 4th quarter valued at $29,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Rev Group by 269.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,683 shares of the company’s stock worth $80,000 after acquiring an additional 7,792 shares during the last quarter. Citigroup Inc. lifted its position in Rev Group by 79.0% during the fourth quarter. Citigroup Inc. now owns 13,148 shares of the company’s stock valued at $99,000 after purchasing an additional 5,803 shares during the last quarter. Virtu Financial LLC bought a new position in Rev Group during the fourth quarter valued at $124,000. Finally, Nisa Investment Advisors LLC bought a new position in Rev Group during the fourth quarter valued at $205,000.
Rev Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.07). Rev Group had a negative net margin of 0.46% and a positive return on equity of 9.21%. The firm had revenue of $518.70 million for the quarter, compared to analyst estimates of $510.80 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Analysts forecast that Rev Group will post 1.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, April 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. Rev Group’s dividend payout ratio (DPR) is currently 19.42%.
Rev Group Company Profile
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
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