Robert W. Baird Forecasts Strong Price Appreciation for REV Group (NYSE:REVG) Stock

Key Points

• REV Group's target price has been raised from $50.00 to $64.00 by analysts at Robert W. Baird, suggesting a potential upside of 6.48% from its current price.
• Despite the positive outlook from some analysts, Zacks Research has downgraded the stock from a "strong-buy" to a "hold" rating, highlighting mixed sentiments among investment analysts.
• Following a recent earnings report, REV Group reported $0.79 earnings per share, exceeding estimates, with revenue also rising by 11.3% year-over-year, indicating strong financial performance.

REV Group (NYSE:REVG - Free Report) had its target price increased by Robert W. Baird from $50.00 to $64.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the company. DA Davidson boosted their target price on REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Zacks Research lowered REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. Finally, The Goldman Sachs Group upped their price target on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, REV Group presently has an average rating of "Hold" and an average target price of $52.00.

REV Group Stock Performance

Shares of NYSE:REVG traded down $0.25 during midday trading on Thursday, reaching $61.94. 299,920 shares of the company traded hands, compared to its average volume of 729,759. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. REV Group has a 12 month low of $25.15 and a 12 month high of $63.38. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 29.18 and a beta of 1.15. The firm's fifty day moving average price is $50.97 and its two-hundred day moving average price is $40.76.

REV Group (NYSE:REVG - Get Free Report) last posted its 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 business had revenue of $644.90 million during the quarter, compared to analysts' expectations of $613.24 million. During the same period in the previous year, the business earned $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 analysts expect that REV Group will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The firm also recently announced 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 is Friday, September 26th. REV Group's dividend payout ratio (DPR) is currently 11.32%.

Institutional Trading of REV Group

Hedge funds have recently bought and sold shares of the company. High Ground Investment Management LLP lifted its holdings in REV Group by 1.9% in the second quarter. High Ground Investment Management LLP now owns 1,911,593 shares of the company's stock valued at $90,973,000 after acquiring an additional 35,382 shares during the period. Invesco Ltd. lifted its position in REV Group by 9.4% during the first quarter. Invesco Ltd. now owns 1,894,583 shares of the company's stock valued at $59,869,000 after purchasing an additional 163,026 shares in the last quarter. State Street Corp lifted its position in REV Group by 11.2% during the second quarter. State Street Corp now owns 1,345,451 shares of the company's stock valued at $64,108,000 after purchasing an additional 135,875 shares in the last quarter. Neuberger Berman Group LLC lifted its position in REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company's stock valued at $46,191,000 after purchasing an additional 749,113 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in REV Group by 46.7% during the second quarter. American Century Companies Inc. now owns 944,647 shares of the company's stock valued at $44,956,000 after purchasing an additional 300,793 shares in the last quarter.

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.