Analysts Set REV Group, Inc. (NYSE:REVG) Price Target at $42.25

Key Points

• REV Group, Inc. has received an average analyst recommendation of "Hold", with one sell rating, two hold ratings, and two buy ratings from five brokerages covering the firm.
• The average price target among analysts for REV Group's stock is $42.25, with significant fluctuations in target prices noted from various analysts throughout the year.
• REV Group's stock performance shows a 12-month high of $63.38 and a recent earnings report of $0.79 per share, exceeding analyst expectations and indicating a 11.3% revenue increase year-over-year.

Shares of REV Group, Inc. (NYSE:REVG - Get Free Report) have received an average rating of "Hold" from the five brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $52.00.

A number of research firms have weighed in on REVG. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. DA Davidson raised their target price on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Zacks Research cut REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $33.00 to $46.00 in a research note on Wednesday, June 18th. Finally, Robert W. Baird boosted their target price on shares of REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in REV Group during the 4th quarter valued at $513,000. SG Americas Securities LLC increased its stake in shares of REV Group by 300.6% in the first quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock valued at $480,000 after buying an additional 11,391 shares in the last quarter. Speece Thorson Capital Group Inc. bought a new position in shares of REV Group in the first quarter valued at about $4,842,000. American Century Companies Inc. raised its holdings in shares of REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock valued at $20,346,000 after buying an additional 499,328 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in REV Group by 32.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock worth $11,120,000 after acquiring an additional 86,703 shares during the last quarter.

REV Group Stock Performance

Shares of NYSE:REVG traded down $0.27 on Thursday, hitting $61.93. 211,665 shares of the company were exchanged, compared to its average volume of 729,294. The company's 50 day moving average price is $50.97 and its two-hundred 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. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 29.17 and a beta of 1.15. REV Group has a one year low of $25.15 and a one year high of $63.38.

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

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 26th. REV Group's dividend payout ratio is currently 11.32%.

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.