DA Davidson Increases REV Group (NYSE:REVG) Price Target to $68.00

Key Points

• DA Davidson raised its price target for REV Group stock from $55.00 to $68.00, reflecting a potential upside of 13.99% from its current price while maintaining a "buy" rating.
• Several analysts have varied opinions on REV Group, with Wall Street Zen upgrading it to "strong-buy," while Zacks reduced its rating to "hold," leading to an average rating of "hold" with a consensus target price of $45.50.
• REV Group reported a net margin of 4.16% and earnings per share (EPS) of $0.79 for the last quarter, exceeding analyst expectations and showing a year-over-year revenue growth of 11.3%.

REV Group (NYSE:REVG - Get Free Report) had its price objective increased by investment analysts at DA Davidson from $55.00 to $68.00 in a report released on Thursday, MarketBeat Ratings reports. The firm presently has a "buy" rating on the stock. DA Davidson's price target would indicate a potential upside of 9.79% from the stock's previous close.

Several other research firms also recently weighed in on REVG. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. The Goldman Sachs Group lifted their price target on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Zacks Research cut shares of REV Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Finally, Morgan Stanley upgraded shares of REV Group from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, REV Group presently has an average rating of "Hold" and a consensus target price of $52.00.

REV Group Stock Performance

NYSE REVG traded down $0.25 on Thursday, reaching $61.94. The stock had a trading volume of 299,920 shares, compared to its average volume of 729,759. The stock has a market cap of $3.02 billion, a P/E ratio of 29.18 and a beta of 1.15. REV Group has a 12-month low of $25.15 and a 12-month high of $63.38. The business's 50-day moving average price is $50.97 and its 200 day moving average price is $40.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63.

REV Group (NYSE:REVG - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.16. The business had revenue of $644.90 million during the quarter, compared to analysts' expectations of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. As a group, equities analysts expect that REV Group will post 2.12 earnings per share for the current year.

Hedge Funds Weigh In On REV Group

A number of hedge funds have recently made changes to their positions in REVG. Osaic Holdings Inc. increased its holdings in shares of REV Group by 2.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,545 shares of the company's stock worth $454,000 after buying an additional 239 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new stake in REV Group during the second quarter worth about $212,000. Thrivent Financial for Lutherans purchased a new position in shares of REV Group in the 2nd quarter worth about $4,891,000. Neuberger Berman Group LLC lifted its stake in shares of REV Group by 338.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company's stock valued at $46,191,000 after purchasing an additional 749,113 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of REV Group during the 2nd quarter worth about $514,000.

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.