REV Group (NYSE:REVG) Price Target Raised to $55.00 at DA Davidson

REV Group (NYSE:REVG - Free Report) had its price target hoisted by DA Davidson from $51.00 to $55.00 in a research report released on Tuesday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on REVG. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, The Goldman Sachs Group raised their price objective on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, REV Group has an average rating of "Moderate Buy" and an average price target of $42.25.

REV Group Stock Performance

Shares of REVG traded up $0.52 during trading hours on Tuesday, reaching $47.64. 529,914 shares of the company traded hands, compared to its average volume of 675,523. REV Group has a 12-month low of $21.54 and a 12-month high of $50.34. The business has a fifty day moving average price of $43.72 and a 200-day moving average price of $36.32. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.33 billion, a P/E ratio of 25.34 and a beta of 1.17.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.57 by $0.13. The company had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. Equities analysts anticipate that REV Group will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, June 27th. REV Group's dividend payout ratio (DPR) is presently 12.77%.

Insider Buying and Selling at REV Group

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the sale, the chief executive officer directly owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in REVG. High Ground Investment Management LLP acquired a new stake in REV Group during the first quarter worth about $59,288,000. FMR LLC lifted its holdings in shares of REV Group by 26.7% during the 4th quarter. FMR LLC now owns 7,819,739 shares of the company's stock worth $249,215,000 after acquiring an additional 1,646,293 shares during the period. Aberdeen Group plc acquired a new stake in shares of REV Group during the 1st quarter worth approximately $25,796,000. Invesco Ltd. boosted its position in shares of REV Group by 43.4% during the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock worth $55,185,000 after acquiring an additional 524,369 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in 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 acquiring an additional 499,328 shares during the last quarter.

REV Group Company Profile

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.