Zacks Research Upgrades REV Group (NYSE:REVG) to “Strong-Buy”

REV Group (NYSE:REVG) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts also recently commented on REVG. Baird R W downgraded REV Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Morgan Stanley set a $55.00 target price on shares of REV Group in a research report on Tuesday, November 4th. Robert W. Baird reissued a “neutral” rating and set a $55.00 target price (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. Finally, DA Davidson lowered shares of REV Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $68.00 to $57.00 in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, REV Group presently has an average rating of “Hold” and a consensus target price of $49.25.

REV Group Price Performance

NYSE:REVG traded down $0.65 on Monday, hitting $67.50. The company had a trading volume of 177,606 shares, compared to its average volume of 607,207. REV Group has a 52 week low of $26.51 and a 52 week high of $69.50. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 35.30 and a beta of 1.14. The firm has a 50 day moving average of $57.64 and a two-hundred day moving average of $55.24.

REV Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The company had revenue of $664.40 million during the quarter, compared to the consensus estimate of $646.77 million. During the same period in the prior year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts anticipate that REV Group will post 2.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in REV Group by 298.5% in the third quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after purchasing an additional 409 shares during the period. IFP Advisors Inc boosted its position in shares of REV Group by 798.5% during the 3rd quarter. IFP Advisors Inc now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 527 shares in the last quarter. Covestor Ltd grew its stake in shares of REV Group by 22,600.0% in the 3rd quarter. Covestor Ltd now owns 681 shares of the company’s stock valued at $39,000 after buying an additional 678 shares during the period. Canada Pension Plan Investment Board bought a new stake in REV Group in the 2nd quarter valued at about $38,000. Finally, Farther Finance Advisors LLC raised its stake in REV Group by 19.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after buying an additional 181 shares during the period.

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.