Rev Group Inc (REVG) Receives $21.38 Average Target Price from Analysts

Rev Group Inc (NYSE:REVG) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.00.

REVG has been the topic of several analyst reports. Deutsche Bank reiterated a “hold” rating and set a $16.00 price target on shares of Rev Group in a report on Wednesday, September 5th. MED initiated coverage on Rev Group in a report on Wednesday, September 5th. They set a “hold” rating and a $16.00 price target on the stock. Stifel Nicolaus reduced their price target on Rev Group from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, September 7th. Credit Suisse Group reduced their price target on Rev Group from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, September 7th. Finally, Morgan Stanley set a $17.00 price target on Rev Group and gave the stock a “hold” rating in a report on Friday.

Shares of REVG opened at $10.50 on Monday. Rev Group has a 52-week low of $10.46 and a 52-week high of $33.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 2.26. The firm has a market cap of $693.24 million, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.66.



Rev Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, September 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.06). Rev Group had a return on equity of 13.12% and a net margin of 2.40%. The company had revenue of $597.70 million for the quarter, compared to analysts’ expectations of $649.64 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s revenue was up .4% on a year-over-year basis. As a group, analysts forecast that Rev Group will post 1.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.20 annualized dividend and a yield of 1.90%. Rev Group’s dividend payout ratio (DPR) is currently 21.28%.

A number of institutional investors and hedge funds have recently modified their holdings of REVG. Baird Financial Group Inc. raised its holdings in Rev Group by 1,240.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,340,000 shares of the company’s stock valued at $22,793,000 after buying an additional 1,240,000 shares during the period. American Century Companies Inc. purchased a new stake in Rev Group in the 2nd quarter valued at about $16,537,000. Van Berkom & Associates Inc. raised its holdings in Rev Group by 15.7% in the 2nd quarter. Van Berkom & Associates Inc. now owns 3,866,342 shares of the company’s stock valued at $65,766,000 after buying an additional 523,656 shares during the period. Dimensional Fund Advisors LP raised its holdings in Rev Group by 117.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 944,737 shares of the company’s stock valued at $16,070,000 after buying an additional 510,512 shares during the period. Finally, Kestrel Investment Management Corp purchased a new stake in Rev Group in the 2nd quarter valued at about $8,351,000.

Rev Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipal fire departments, EMS providers, and private fleets through dealers.

Read More: How are the companies in the S&P 500 selected?

Analyst Recommendations for Rev Group (NYSE:REVG)

Receive News & Ratings for Rev Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rev Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply