REV Group's (REVG) Buy (B) Rating Reaffirmed at Weiss Ratings

REV Group (NYSE:REVG - Get Free Report)'s stock had its "buy (b)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently commented on REVG. Robert W. Baird increased their target price on REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Zacks Research upgraded REV Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. DA Davidson raised their price target on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Finally, Morgan Stanley set a $64.00 price target on REV Group in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.50.

REV Group Stock Up 3.5%

NYSE REVG opened at $56.62 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63. The company has a market capitalization of $2.76 billion, a P/E ratio of 26.71 and a beta of 1.16. REV Group has a one year low of $25.76 and a one year high of $64.47. The stock has a 50 day moving average price of $55.29 and a 200-day moving average price of $44.85.

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, beating analysts' consensus estimates of $0.63 by $0.16. The firm had revenue of $644.90 million during the quarter, compared to the consensus estimate of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. As a group, equities analysts predict that REV Group will post 2.12 EPS for the current fiscal year.

Institutional Trading of REV Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Speece Thorson Capital Group Inc. purchased a new stake in REV Group in the first quarter worth $4,842,000. SG Americas Securities LLC increased its stake in shares of REV Group by 300.6% during the first quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock valued at $480,000 after buying an additional 11,391 shares during the period. American Century Companies Inc. increased its stake in shares of REV Group by 345.5% during the first quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock valued at $20,346,000 after buying an additional 499,328 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of REV Group by 32.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock valued at $11,120,000 after buying an additional 86,703 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of REV Group during the first quarter valued at $730,000.

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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