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

REV Group (NYSE:REVG - Get Free Report) had its price target hoisted by research analysts at DA Davidson from $51.00 to $55.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. DA Davidson's target price indicates a potential upside of 17.23% from the stock's previous close.

A number of other analysts also recently issued reports on REVG. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group upped their price target on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.25.

REV Group Stock Up 1.8%

NYSE:REVG traded up $0.83 on Tuesday, hitting $46.92. 200,815 shares of the company's stock were exchanged, compared to its average volume of 675,079. The firm has a 50-day moving average price of $43.37 and a 200-day moving average price of $36.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. REV Group has a 52 week low of $21.54 and a 52 week high of $50.34. The company has a market cap of $2.29 billion, a P/E ratio of 24.93 and a beta of 1.17.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.13. The company had revenue of $629.10 million for 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%. REV Group's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. As a group, analysts expect that REV Group will post 2.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the sale, the chief executive officer owned 516,446 shares of the company's stock, valued at $22,635,828.18. This trade represents a 15.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On REV Group

Several large investors have recently bought and sold shares of the business. KBC Group NV purchased a new stake in shares of REV Group during the first quarter valued at about $33,000. New Age Alpha Advisors LLC acquired a new stake in shares of REV Group during the 4th quarter worth approximately $40,000. McIlrath & Eck LLC grew its stake in shares of REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after purchasing an additional 344 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of REV Group during the 1st quarter worth approximately $54,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in REV Group in the 2nd quarter valued at $193,000.

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.

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