REV Group (NYSE:REVG – Get Rating) had its target price raised by equities research analysts at DA Davidson from $12.00 to $13.50 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. DA Davidson's target price suggests a potential upside of 11.57% from the stock's previous close.
Other research analysts also recently issued research reports about the company. StockNews.com upgraded REV Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, March 1st. BMO Capital Markets lifted their price target on REV Group from $13.00 to $14.00 and gave the company a "market perform" rating in a report on Friday, January 13th. Morgan Stanley lifted their price target on REV Group to $13.00 in a report on Wednesday, December 14th. Robert W. Baird upgraded REV Group from a "neutral" rating to an "outperform" rating and set a $16.00 target price on the stock in a research note on Monday, March 6th. Finally, Credit Suisse Group boosted their target price on REV Group from $9.00 to $11.00 and gave the company an "underperform" rating in a research note on Thursday, March 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $13.17.
Get REV Group alerts:REV Group Stock Performance
REVG opened at $12.10 on Monday. The firm has a market cap of $719.47 million, a PE ratio of 302.58 and a beta of 1.96. The company has a quick ratio of 0.52, a current ratio of 1.80 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $12.68 and a 200-day simple moving average of $12.72. REV Group has a fifty-two week low of $9.50 and a fifty-two week high of $16.38.
REV Group (NYSE:REVG – Get Rating) last released its quarterly earnings data on Wednesday, March 8th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. REV Group had a return on equity of 8.49% and a net margin of 0.10%. The business had revenue of $583.50 million during the quarter, compared to analyst estimates of $504.73 million. As a group, equities analysts predict that REV Group will post 0.8 EPS for the current fiscal year.
Institutional Trading of REV Group
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its position in shares of REV Group by 0.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 199,085 shares of the company's stock worth $2,164,000 after buying an additional 1,006 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of REV Group by 2.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 41,265 shares of the company's stock worth $455,000 after purchasing an additional 1,082 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of REV Group by 107.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the company's stock worth $25,000 after purchasing an additional 1,191 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of REV Group by 1.6% during the 4th quarter. Renaissance Technologies LLC now owns 77,500 shares of the company's stock worth $978,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in shares of REV Group by 63.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company's stock worth $39,000 after purchasing an additional 1,208 shares during the last quarter. Institutional investors and hedge funds own 98.92% of the company's stock.
About REV Group
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REV Group, Inc is a holding company, which engages in the design, manufacture, and distribution of specialty vehicles and related aftermarket parts and services. The company sells its products to municipalities, government agencies, private contractors, and industrial and commercial end users. It operates through the following segments: Fire and Emergency, Commercial, and Recreation.
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