The Goldman Sachs Group Issues Positive Forecast for REV Group (NYSE:REVG) Stock Price

REV Group (NYSE:REVG) had its target price raised by The Goldman Sachs Group from $25.00 to $28.50 in a report issued on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Other equities analysts have also recently issued reports about the company. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Robert W. Baird increased their target price on REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 target price on shares of REV Group in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $32.25.

REV Group Stock Up 0.9 %

Shares of REV Group stock opened at $33.99 on Thursday. REV Group has a twelve month low of $16.00 and a twelve month high of $35.96. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $29.29 and its 200 day moving average is $27.89. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 7.57 and a beta of 1.61.

REV Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 26th. This is an increase from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.71%. REV Group’s payout ratio is 4.45%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in REVG. FMR LLC increased its holdings in REV Group by 68.3% in the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after acquiring an additional 2,504,568 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of REV Group by 15.4% in the third quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock worth $36,621,000 after purchasing an additional 173,759 shares in the last quarter. State Street Corp raised its position in shares of REV Group by 3.3% during the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company’s stock valued at $30,615,000 after purchasing an additional 35,066 shares during the period. Nicholas Investment Partners LP lifted its stake in shares of REV Group by 4.8% during the 2nd quarter. Nicholas Investment Partners LP now owns 755,001 shares of the company’s stock valued at $18,792,000 after buying an additional 34,555 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in REV Group by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company’s stock worth $20,120,000 after buying an additional 18,936 shares during the period.

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.