REV Group (NYSE:REVG) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of REV Group (NYSE:REVG) from an underweight rating to an equal weight rating in a research report sent to investors on Wednesday, Marketbeat reports. They currently have $46.00 price target on the stock, up from their prior price target of $33.00.

Other analysts also recently issued reports about the company. The Goldman Sachs Group boosted their price target on REV Group from $26.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, May 27th. DA Davidson boosted their price target on REV Group from $39.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, June 5th. Finally, Wall Street Zen upgraded REV Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, REV Group has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

REV Group Stock Performance

Shares of NYSE REVG opened at $44.30 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. REV Group has a 12 month low of $21.54 and a 12 month high of $46.10. The stock has a 50 day moving average of $36.85 and a 200-day moving average of $33.76. The company has a market capitalization of $2.16 billion, a P/E ratio of 23.57 and a beta of 1.12.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.13. The business had revenue of $629.10 million during the quarter, compared to the consensus estimate of $603.51 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. As a group, equities research analysts predict that REV Group will post 2.12 EPS for the current year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.24 annualized dividend and a yield of 0.54%. REV Group’s dividend payout ratio is presently 12.77%.

Insider Buying and Selling at REV Group

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the transaction, the chief executive officer now owns 516,446 shares of the company’s stock, valued at approximately $22,635,828.18. The trade was a 15.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On REV Group

A number of institutional investors have recently modified their holdings of the business. McIlrath & Eck LLC raised its holdings in shares of REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock worth $46,000 after buying an additional 344 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of REV Group by 1.3% during the 1st quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company’s stock worth $989,000 after buying an additional 414 shares in the last quarter. Hsbc Holdings PLC increased its holdings in REV Group by 8.6% in the 1st quarter. Hsbc Holdings PLC now owns 7,914 shares of the company’s stock worth $249,000 after purchasing an additional 629 shares in the last quarter. Bank of Montreal Can increased its holdings in REV Group by 9.1% in the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company’s stock worth $261,000 after purchasing an additional 682 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in REV Group by 5.2% in the 4th quarter. Vident Advisory LLC now owns 16,348 shares of the company’s stock worth $521,000 after purchasing an additional 805 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.