REV Group (NYSE:REVG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

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 - Get Free Report) had its target price lifted by investment analysts at Robert W. Baird from $50.00 to $64.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's target price suggests a potential upside of 6.48% from the stock's current price.

Several other equities analysts have also recently commented on REVG. Zacks Research cut REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. DA Davidson upped their price target on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group upped their price target on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Finally, Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $33.00 to $46.00 in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $52.00.

REV Group Stock Performance

NYSE:REVG traded up $1.79 during trading hours on Thursday, reaching $60.11. The stock had a trading volume of 709,627 shares, compared to its average volume of 718,938. The stock has a market cap of $2.93 billion, a P/E ratio of 31.99 and a beta of 1.15. The stock has a 50 day simple moving average of $50.04 and a 200 day simple moving average of $40.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.66. REV Group has a 12-month low of $24.90 and a 12-month high of $63.38.

REV Group (NYSE:REVG - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.16. The firm had revenue of $644.90 million for the quarter, compared to analyst estimates of $613.24 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%.The business's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. On average, research analysts forecast that REV Group will post 2.12 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.83, for a total value of $4,058,701.83. Following the transaction, the chief executive officer directly owned 516,446 shares of the company's stock, valued at $22,635,828.18. This represents a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REVG. High Ground Investment Management LLP purchased a new position in REV Group in the 1st quarter worth approximately $59,288,000. Aberdeen Group plc acquired a new stake in shares of REV Group during the 1st quarter worth approximately $25,796,000. Neuberger Berman Group LLC increased its holdings in shares of REV Group by 338.2% during 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 last quarter. American Century Companies Inc. increased its holdings in shares of REV Group by 345.5% during the 1st quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock worth $20,346,000 after buying an additional 499,328 shares during the last quarter. Finally, Bragg Financial Advisors Inc acquired a new stake in shares of REV Group during the 1st quarter worth approximately $11,639,000.

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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