Morgan Stanley Downgrades REV Group (NYSE:REVG) to Underweight

REV Group (NYSE:REVG - Get Free Report) was downgraded by analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $33.00 price target on the stock. Morgan Stanley's price target would suggest a potential upside of 15.55% from the stock's previous close.

REV Group Stock Performance

REVG traded down $1.26 on Wednesday, hitting $28.56. The company's stock had a trading volume of 331,484 shares, compared to its average volume of 704,778. The company's 50 day simple moving average is $31.10 and its 200-day simple moving average is $31.11. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group has a 12 month low of $20.86 and a 12 month high of $36.00. The firm has a market cap of $1.48 billion, a P/E ratio of 6.36 and a beta of 1.22.

Institutional Investors Weigh In On REV Group

Several hedge funds and other institutional investors have recently modified their holdings of REVG. Wealth Enhancement Advisory Services LLC boosted its position in shares of REV Group by 32.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock valued at $11,120,000 after acquiring an additional 86,703 shares during the period. SummerHaven Investment Management LLC boosted its holdings in REV Group by 1.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company's stock valued at $989,000 after purchasing an additional 414 shares during the period. SG Americas Securities LLC grew its position in shares of REV Group by 300.6% during the 1st quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock valued at $480,000 after purchasing an additional 11,391 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of REV Group by 10.9% in the first quarter. Toth Financial Advisory Corp now owns 28,920 shares of the company's stock worth $914,000 after purchasing an additional 2,850 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of REV Group by 5.7% in the first quarter. Rhumbline Advisers now owns 75,180 shares of the company's stock worth $2,376,000 after purchasing an additional 4,050 shares during the period.

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.