REV Group (NYSE:REVG) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of REV Group (NYSE:REVG) from a hold rating to a buy rating in a report published on Thursday morning.

Separately, Morgan Stanley downgraded shares of REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 target price for the company. in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.63.

REV Group Price Performance

Shares of REVG opened at $37.13 on Thursday. REV Group has a 1 year low of $21.54 and a 1 year high of $38.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 8.27 and a beta of 1.12. The business has a 50-day moving average of $33.08 and a 200-day moving average of $32.29.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Friday, March 28th. REV Group’s dividend payout ratio (DPR) is presently 13.48%.

Institutional Investors Weigh In On REV Group

Institutional investors and hedge funds have recently made changes to their positions in the business. High Ground Investment Management LLP bought a new stake in REV Group in the first quarter worth approximately $59,288,000. FMR LLC boosted its holdings in shares of REV Group by 26.7% during the 4th quarter. FMR LLC now owns 7,819,739 shares of the company’s stock worth $249,215,000 after buying an additional 1,646,293 shares in the last quarter. Aberdeen Group plc acquired a new stake in shares of REV Group during the 1st quarter worth approximately $25,796,000. Invesco Ltd. grew its position in shares of REV Group by 43.4% during the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company’s stock worth $55,185,000 after buying an additional 524,369 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of REV Group by 345.5% in the 1st quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock valued at $20,346,000 after acquiring an additional 499,328 shares in the last quarter.

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.