The Goldman Sachs Group Raises REV Group (NYSE:REVG) Price Target to $20.00

REV Group (NYSE:REVG) had its price target boosted by The Goldman Sachs Group from $18.00 to $20.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a sell rating on the stock.

Separately, StockNews.com downgraded REV Group from a strong-buy rating to a buy rating in a report on Saturday, March 30th. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $17.60.

REV Group Price Performance

Shares of NYSE:REVG opened at $21.15 on Tuesday. The firm’s 50 day simple moving average is $20.19 and its 200 day simple moving average is $17.88. REV Group has a fifty-two week low of $9.85 and a fifty-two week high of $23.85. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.22 and a beta of 1.70.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The company had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. During the same period last year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts expect that REV Group will post 1.35 earnings per share for the current year.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Wednesday, March 27th. REV Group’s payout ratio is presently 4.94%.

Institutional Trading of REV Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank grew its holdings in shares of REV Group by 7.0% during the first quarter. Swiss National Bank now owns 68,900 shares of the company’s stock worth $923,000 after buying an additional 4,500 shares in the last quarter. Bank of New York Mellon Corp boosted its position in REV Group by 7.4% during the 1st quarter. Bank of New York Mellon Corp now owns 258,422 shares of the company’s stock worth $3,463,000 after acquiring an additional 17,750 shares during the last quarter. American Century Companies Inc. grew its stake in shares of REV Group by 38.6% during the 1st quarter. American Century Companies Inc. now owns 112,712 shares of the company’s stock worth $1,510,000 after acquiring an additional 31,403 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of REV Group by 7.9% in the first quarter. Bank of Montreal Can now owns 34,948 shares of the company’s stock valued at $483,000 after purchasing an additional 2,566 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of REV Group by 55.4% in the first quarter. MetLife Investment Management LLC now owns 15,792 shares of the company’s stock worth $212,000 after purchasing an additional 5,631 shares in the last quarter.

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.