REV Group (NYSE:REVG) Stock Rating Upgraded by Wall Street Zen

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

Several other research firms also recently weighed in on REVG. Morgan Stanley downgraded REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a research note on Wednesday, April 16th. DA Davidson boosted 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. Finally, The Goldman Sachs Group boosted 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. Two research analysts have rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $38.00.

REV Group Stock Up 2.6%

REVG stock traded up $1.18 on Friday, hitting $46.00. 919,763 shares of the company's stock were exchanged, compared to its average volume of 697,323. REV Group has a 12-month low of $21.54 and a 12-month high of $46.08. The firm has a 50 day moving average price of $34.80 and a two-hundred day moving average price of $33.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The stock has a market cap of $2.24 billion, a P/E ratio of 10.25 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. The company had revenue of $629.10 million for the quarter, compared to the consensus estimate of $603.51 million. REV Group had a net margin of 10.82% and a return on equity of 17.74%. REV Group's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, equities research analysts expect that REV Group will post 2.12 EPS for the current fiscal year.

Insider Activity

In other 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 value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company's stock.

Institutional Trading of REV Group

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in REV Group by 355.5% during the third quarter. Barclays PLC now owns 89,619 shares of the company's stock worth $2,515,000 after buying an additional 69,946 shares in the last quarter. Legato Capital Management LLC raised its holdings in REV Group by 113.0% in the 4th quarter. Legato Capital Management LLC now owns 111,318 shares of the company's stock worth $3,548,000 after purchasing an additional 59,066 shares during the period. Asset Management One Co. Ltd. acquired a new position in REV Group in the 4th quarter worth about $2,077,000. Rhumbline Advisers raised its holdings 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. raised its holdings 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.

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.