Wall Street Zen Upgrades REV Group (NYSE:REVG) to "Strong-Buy"

REV Group (NYSE:REVG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Friday.

A number of other brokerages have also recently commented on REVG. The Goldman Sachs Group increased 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. DA Davidson increased their price objective on REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a report on Thursday. Finally, Morgan Stanley downgraded REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, REV Group presently has a consensus rating of "Hold" and an average target price of $38.00.

REV Group Price Performance

NYSE REVG traded up $1.95 on Friday, hitting $44.87. 1,554,660 shares of the company's stock were exchanged, compared to its average volume of 696,801. The stock has a 50-day moving average of $34.53 and a 200-day moving average of $32.98. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. REV Group has a 52 week low of $21.54 and a 52 week high of $45.54. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 9.99 and a beta of 1.12.

REV Group (NYSE:REVG - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.13. REV Group had a return on equity of 17.74% and a net margin of 10.82%. The firm had revenue of $629.10 million during the quarter, compared to analysts' expectations of $603.51 million. During the same period in the prior year, the company earned $0.39 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that REV Group will post 2.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC boosted 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 buying an additional 69,946 shares during the period. Legato Capital Management LLC grew its holdings in shares of 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 buying an additional 59,066 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of REV Group during the fourth quarter valued at approximately $2,077,000. Rhumbline Advisers grew its position in REV Group by 1.4% in the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock worth $2,267,000 after purchasing an additional 1,000 shares during the period. Finally, Principal Financial Group Inc. grew its position in REV Group by 15.2% in the 4th quarter. Principal Financial Group Inc. now owns 57,906 shares of the company's stock worth $1,845,000 after purchasing an additional 7,654 shares during the period.

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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