REV Group (NYSE:REVG) Rating Increased to Strong-Buy at Zacks Research

Key Points

• REV Group has been upgraded to a "strong-buy" rating by Zacks Research, indicating increased analyst confidence in the stock's performance.
• The company reported a 12% year-over-year revenue increase in its last quarter, achieving $644.9 million, exceeding analyst expectations of $613.24 million.
• Five different research analysts have provided ratings, with one issuing a "strong buy," two a "buy," one a "hold," and one a "sell," reflecting divided opinions on the stock's future.

REV Group (NYSE:REVG - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. Morgan Stanley set a $64.00 target price on REV Group in a report on Tuesday, September 9th. Robert W. Baird lifted their price objective on shares of REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, DA Davidson raised their target price on shares of REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, REV Group currently has an average rating of "Moderate Buy" and an average target price of $56.50.

REV Group Stock Down 2.3%

Shares of NYSE REVG opened at $53.97 on Wednesday. The firm's 50-day moving average price is $54.81 and its 200-day moving average price is $44.21. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 25.46 and a beta of 1.16. REV Group has a 12-month low of $25.76 and a 12-month high of $64.47.

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

Institutional Trading of REV Group

Several institutional investors and hedge funds have recently modified their holdings of REVG. Osaic Holdings Inc. grew its stake in REV Group by 2.6% in the second quarter. Osaic Holdings Inc. now owns 9,545 shares of the company's stock worth $454,000 after purchasing an additional 239 shares in the last quarter. Orion Porfolio Solutions LLC bought a new stake in REV Group during the 2nd quarter valued at $212,000. Thrivent Financial for Lutherans purchased a new stake in shares of REV Group in the 2nd quarter worth $4,891,000. Neuberger Berman Group LLC lifted its holdings 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 worth $46,191,000 after buying an additional 749,113 shares during the period. Finally, FORA Capital LLC bought a new position in shares of REV Group during the 2nd quarter worth $514,000.

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.

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