REV Group (NYSE:REVG) Stock Rating Upgraded by Morgan Stanley

REV Group (NYSE:REVG - Get Free Report) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a research report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a $46.00 price objective on the stock, up from their prior price objective of $33.00. Morgan Stanley's price target would suggest a potential upside of 5.24% from the stock's current price.

Several other research firms also recently issued reports on REVG. Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. DA Davidson upped their target price on shares of REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Finally, The Goldman Sachs Group upped their target price on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $41.25.

REV Group Stock Performance

NYSE REVG traded down $0.68 during trading hours on Wednesday, hitting $43.71. The company had a trading volume of 773,571 shares, compared to its average volume of 692,805. 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 1-year low of $21.54 and a 1-year high of $46.10. The company has a market cap of $2.13 billion, a PE ratio of 23.25 and a beta of 1.12. The business has a 50 day moving average of $37.35 and a 200-day moving average of $33.94.

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 (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.13. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The company had revenue of $629.10 million during the quarter, compared to the consensus estimate of $603.51 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. REV Group's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities research analysts expect that REV Group will post 2.12 EPS for the current year.

Insider Activity

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the 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 completion of the transaction, the chief executive officer now directly owns 516,446 shares of the company's stock, valued at $22,635,828.18. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in REVG. KBC Group NV purchased a new position in REV Group during the first quarter worth about $33,000. New Age Alpha Advisors LLC purchased a new position in REV Group during the fourth quarter worth about $40,000. McIlrath & Eck LLC raised its holdings in REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after purchasing an additional 344 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in REV Group during the first quarter worth about $54,000. Finally, Pictet Asset Management Holding SA purchased a new position in REV Group during the fourth quarter worth about $202,000.

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.