REV Group (NYSE:REVG) Price Target Raised to $30.00 at The Goldman Sachs Group

REV Group (NYSE:REVG - Free Report) had its price target increased by The Goldman Sachs Group from $26.00 to $30.00 in a report released on Tuesday morning,Benzinga reports. They currently have a sell rating on the stock.

Several other equities analysts have also recently issued reports on REVG. Wall Street Zen raised shares of REV Group from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Morgan Stanley downgraded shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $35.00.

REV Group Price Performance

Shares of REVG traded up $0.19 during mid-day trading on Tuesday, hitting $37.80. The company's stock had a trading volume of 22,503 shares, compared to its average volume of 669,635. The firm has a 50-day moving average price of $33.53 and a 200 day moving average price of $32.51. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.43 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. REV Group has a fifty-two week low of $21.54 and a fifty-two week high of $38.78.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Friday, March 28th. REV Group's dividend payout ratio (DPR) is currently 13.48%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in REV Group by 355.5% during the third quarter. Barclays PLC now owns 89,619 shares of the company's stock valued at $2,515,000 after purchasing an additional 69,946 shares in the last quarter. Janney Montgomery Scott LLC grew its position in REV Group by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock valued at $978,000 after purchasing an additional 859 shares in the last quarter. Planning Center Inc. purchased a new position in REV Group during the fourth quarter valued at approximately $223,000. Legato Capital Management LLC grew its position in REV Group by 113.0% during the fourth quarter. Legato Capital Management LLC now owns 111,318 shares of the company's stock valued at $3,548,000 after purchasing an additional 59,066 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in REV Group during the fourth quarter valued at approximately $2,077,000.

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.