REV Group (NYSE:REVG) Upgraded by Morgan Stanley to Equal Weight Rating

REV Group (NYSE:REVG - Get Free Report) was upgraded by investment analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a research report issued to clients and investors on Wednesday,Finviz reports. The firm currently has a $46.00 price objective on the stock. Morgan Stanley's price objective indicates a potential upside of 5.63% from the stock's previous close.

Several other equities analysts have also commented on REVG. DA Davidson upped their price target on REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. 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 note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.25.

REV Group Stock Performance

NYSE REVG opened at $43.55 on Wednesday. The stock's fifty day moving average is $36.60 and its two-hundred day moving average is $33.68. The firm has a market capitalization of $2.13 billion, a P/E ratio of 23.17 and a beta of 1.12. 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 fifty-two week low of $21.54 and a fifty-two week high of $46.23.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $603.51 million. During the same quarter in the prior year, the company posted $0.39 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that REV Group will post 2.12 earnings per share for the current year.

Insider Activity at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 516,446 shares in the company, valued at $22,635,828.18. This represents a 15.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On REV Group

Several large investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in REV Group by 26.7% during the 4th quarter. FMR LLC now owns 7,819,739 shares of the company's stock worth $249,215,000 after purchasing an additional 1,646,293 shares during the period. Vanguard Group Inc. boosted its position in shares of REV Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company's stock worth $166,965,000 after acquiring an additional 39,323 shares in the last quarter. Invesco Ltd. boosted its position in shares of REV Group by 9.4% during the 1st quarter. Invesco Ltd. now owns 1,894,583 shares of the company's stock worth $59,869,000 after acquiring an additional 163,026 shares in the last quarter. High Ground Investment Management LLP acquired a new position in shares of REV Group during the 1st quarter worth about $59,288,000. Finally, Geode Capital Management LLC boosted its position in shares of REV Group by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company's stock worth $44,121,000 after acquiring an additional 79,243 shares in the last quarter.

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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