REV Group (NYSE:REVG) Price Target Raised to $20.00

REV Group (NYSE:REVG - Free Report) had its price objective boosted by The Goldman Sachs Group from $18.00 to $20.00 in a research note released on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Separately, StockNews.com cut REV Group from a strong-buy rating to a buy rating in a research note on Saturday, March 30th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, REV Group presently has a consensus rating of Moderate Buy and a consensus price target of $17.60.

REV Group Stock Performance

REVG traded down $0.49 on Tuesday, hitting $21.61. 747,961 shares of the company were exchanged, compared to its average volume of 891,809. The firm has a fifty day simple moving average of $20.06 and a two-hundred day simple moving average of $17.83. REV Group has a 12 month low of $9.85 and a 12 month high of $23.85. The stock has a market capitalization of $1.12 billion, a PE ratio of 5.34 and a beta of 1.70.

REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.10. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. During the same period last year, the company earned $0.04 EPS. REV Group's revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts expect that REV Group will post 1.35 earnings per share for the current year.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a $0.05 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.20 annualized dividend and a yield of 0.93%. REV Group's payout ratio is 4.94%.

Institutional Investors Weigh In On REV Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REVG. Swiss National Bank grew its stake in REV Group by 7.0% in the first quarter. Swiss National Bank now owns 68,900 shares of the company's stock worth $923,000 after purchasing an additional 4,500 shares during the period. Bank of New York Mellon Corp boosted its holdings in REV Group by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 258,422 shares of the company's stock worth $3,463,000 after acquiring an additional 17,750 shares in the last quarter. American Century Companies Inc. boosted its holdings in REV Group by 38.6% in the first quarter. American Century Companies Inc. now owns 112,712 shares of the company's stock worth $1,510,000 after acquiring an additional 31,403 shares in the last quarter. Bank of Montreal Can boosted its holdings in REV Group by 7.9% in the first quarter. Bank of Montreal Can now owns 34,948 shares of the company's stock worth $483,000 after acquiring an additional 2,566 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in REV Group by 55.4% in the first quarter. MetLife Investment Management LLC now owns 15,792 shares of the company's stock worth $212,000 after acquiring an additional 5,631 shares in the last quarter.

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.