REV Group (NYSE:REVG) Stock Price Expected to Rise, DA Davidson Analyst Says

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

A number of other research firms have also weighed in on REVG. Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. The Goldman Sachs Group increased their price target on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $33.00 to $46.00 in a report on Wednesday, June 18th. One equities research 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 stock. According to MarketBeat, REV Group currently has an average rating of "Moderate Buy" and an average target price of $42.25.

REV Group Trading Down 0.2%

Shares of REVG stock traded down $0.11 during trading hours on Tuesday, hitting $47.58. 486,257 shares of the company were exchanged, compared to its average volume of 665,753. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.66. The firm has a market cap of $2.32 billion, a P/E ratio of 25.37 and a beta of 1.17. The company has a 50 day simple moving average of $43.91 and a two-hundred day simple moving average of $36.40. REV Group has a fifty-two week low of $21.54 and a fifty-two week high of $50.34.

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

REV Group Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group stock in a transaction 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 owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On REV Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS raised its holdings in shares of REV Group by 2.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the company's stock valued at $557,000 after buying an additional 300 shares in the last quarter. 111 Capital bought a new position in shares of REV Group during the second quarter valued at about $273,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of REV Group by 8.6% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,083 shares of the company's stock worth $1,194,000 after purchasing an additional 1,990 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in REV Group by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,778 shares of the company's stock valued at $1,512,000 after purchasing an additional 475 shares during the period. Finally, Ruffer LLP bought a new position in REV Group during the 2nd quarter valued at approximately $4,873,000.

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.