REV Group (NYSE:REVG) Price Target Raised to $51.00

REV Group (NYSE:REVG - Free Report) had its target price boosted by DA Davidson from $39.00 to $51.00 in a research note published on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other analysts have also recently commented on REVG. Wall Street Zen upgraded REV Group from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. The Goldman Sachs Group lifted their price target on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Finally, Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target for the company. in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $38.00.

REV Group Price Performance

REV Group stock traded down $0.19 during midday trading on Thursday, reaching $42.75. 1,688,380 shares of the company were exchanged, compared to its average volume of 694,365. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 9.52 and a beta of 1.12. The firm's 50-day simple moving average is $34.28 and its 200-day simple moving average is $32.88. REV Group has a 1 year low of $21.54 and a 1 year high of $44.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72.

REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.57 by $0.13. The company had revenue of $629.10 million during the quarter, compared to analysts' expectations of $603.51 million. REV Group had a return on equity of 17.74% and a net margin of 10.82%. The firm's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. On average, analysts anticipate that REV Group will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, June 27th. REV Group's dividend payout ratio is currently 13.48%.

Hedge Funds Weigh In On REV Group

Hedge funds and other institutional investors have recently modified their holdings of the company. KBC Group NV acquired a new position in shares of REV Group in the 1st quarter valued at about $33,000. New Age Alpha Advisors LLC acquired a new position in REV Group during the 4th quarter worth approximately $40,000. McIlrath & Eck LLC lifted its position in 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 acquiring an additional 344 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in REV Group during the 1st quarter worth approximately $54,000. Finally, Pictet Asset Management Holding SA acquired a new position in REV Group during the 4th quarter worth approximately $202,000.

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.