REV Group (NYSE:REVG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of REV Group (NYSE:REVG) from a hold rating to a buy rating in a report issued on Tuesday morning.

Separately, Morgan Stanley assumed coverage on shares of REV Group in a research note on Tuesday, June 11th. They set an equal weight rating and a $29.50 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $20.50.

REV Group Stock Up 4.2 %

REV Group stock opened at $31.29 on Tuesday. REV Group has a one year low of $12.71 and a one year high of $31.44. The stock has a fifty day moving average of $27.08 and a 200 day moving average of $24.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.53 and a current ratio of 1.75. The stock has a market cap of $1.62 billion, a PE ratio of 7.65 and a beta of 1.61.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.24 by $0.10. REV Group had a net margin of 9.41% and a return on equity of 16.85%. The firm had revenue of $616.90 million during the quarter, compared to analyst estimates of $603.17 million. As a group, sell-side analysts predict that REV Group will post 1.45 EPS for the current year.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a $0.05 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. REV Group’s payout ratio is currently 4.89%.

Institutional Trading of REV Group

Several institutional investors and hedge funds have recently modified their holdings of REVG. Vanguard Group Inc. boosted its holdings in REV Group by 56.3% in the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock worth $104,134,000 after buying an additional 1,698,502 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of REV Group by 161.8% in the first quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock worth $20,940,000 after acquiring an additional 585,841 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of REV Group during the second quarter worth about $9,535,000. Hood River Capital Management LLC bought a new stake in REV Group during the 1st quarter valued at approximately $8,240,000. Finally, Bessemer Group Inc. purchased a new position in REV Group in the 1st quarter worth approximately $6,293,000.

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.