The Goldman Sachs Group Increases REV Group (NYSE:REVG) Price Target to $20.00

REV Group (NYSE:REVG) had its target price boosted by The Goldman Sachs Group from $18.00 to $20.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 5.84% from the stock’s current price.

Separately, StockNews.com downgraded shares of REV Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 30th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, REV Group presently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

REV Group Price Performance

NYSE REVG opened at $21.24 on Tuesday. REV Group has a 12 month low of $9.85 and a 12 month high of $23.85. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.24 and a beta of 1.70. The company’s fifty day moving average price is $20.10 and its two-hundred day moving average price is $17.86.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $579.42 million. During the same period in the prior year, the firm posted $0.04 EPS. The firm’s revenue was up .4% compared to the same quarter last year. As a group, analysts anticipate that REV Group will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in shares of REV Group by 22.8% in the 3rd quarter. Wellington Management Group LLP now owns 422,103 shares of the company’s stock worth $6,754,000 after acquiring an additional 78,453 shares during the period. Federated Hermes Inc. increased its holdings in shares of REV Group by 1,020.6% in the 3rd quarter. Federated Hermes Inc. now owns 382,653 shares of the company’s stock worth $6,122,000 after acquiring an additional 348,507 shares during the period. Pinnacle Associates Ltd. increased its holdings in shares of REV Group by 6.9% in the 4th quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock worth $1,086,000 after acquiring an additional 3,853 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of REV Group by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company’s stock worth $10,064,000 after acquiring an additional 50,738 shares during the period. Finally, Comerica Bank acquired a new stake in shares of REV Group in the 2nd quarter worth about $4,547,000.

About REV Group

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.