REV Group, Inc. (NYSE:REVG) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analyst consensus: "Hold" — Six analysts rate REV Group a consensus "Hold" (1 sell, 3 hold, 1 buy, 1 strong buy) with an average 1‑year price target of $49.25.
• Shares opened at $63.90 (1‑year range $26.51–$69.92) with a $3.12B market cap and P/E of 33.46, and major institutions like Vanguard, Magnetar and Neuberger Berman have recently added or established sizable positions, indicating notable institutional interest.

REV Group, Inc. (NYSE:REVG - Get Free Report) has been assigned a consensus rating of "Hold" from the six ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $49.25.

A number of research analysts have commented on the company. Zacks Research raised REV Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 12th. Robert W. Baird reiterated a "neutral" rating and set a $55.00 price target (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of REV Group in a research note on Wednesday, December 24th.

REV Group Price Performance

Shares of NYSE:REVG opened at $63.90 on Monday. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. REV Group has a 1 year low of $26.51 and a 1 year high of $69.92. The business has a fifty day simple moving average of $64.89 and a 200 day simple moving average of $60.15. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14.

Institutional Trading of REV Group

A number of institutional investors have recently added to or reduced their stakes in REVG. Vanguard Group Inc. increased its stake in shares of REV Group by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,126,206 shares of the company's stock worth $290,502,000 after purchasing an additional 30,651 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of REV Group during the 4th quarter valued at $97,784,000. Neuberger Berman Group LLC lifted its stake in shares of REV Group by 52.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,478,119 shares of the company's stock valued at $83,765,000 after purchasing an additional 507,524 shares during the last quarter. High Ground Investment Management LLP lifted its stake in shares of REV Group by 12.2% in the 4th quarter. High Ground Investment Management LLP now owns 1,464,784 shares of the company's stock valued at $89,074,000 after purchasing an additional 158,815 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in REV Group by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,442,064 shares of the company's stock worth $87,704,000 after purchasing an additional 25,174 shares in the last quarter.

REV Group Company Profile

REV Group, Inc NYSE: REVG is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company's product portfolio is organized into three primary segments.

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