REV Group (REVG) Reaches New 1-Year High and Low at $19.26

REV Group Inc (NYSE:REVG) shares reached a new 52-week high and low during trading on Tuesday . The company traded as low as $19.26 and last traded at $19.21, with a volume of 578769 shares. The stock had previously closed at $20.20.

REVG has been the topic of a number of research analyst reports. Morgan Stanley set a $32.00 price target on REV Group and gave the stock a “hold” rating in a report on Monday, March 12th. Zacks Investment Research cut REV Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Stifel Nicolaus boosted their price target on REV Group from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. SunTrust Banks lowered their price target on REV Group to $31.00 and set a “buy” rating on the stock in a report on Friday, March 9th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $32.00 price target (down from $36.00) on shares of REV Group in a report on Friday, March 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.29.

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The company has a quick ratio of 0.75, a current ratio of 2.19 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1,277.93, a PE ratio of 20.82, a P/E/G ratio of 0.78 and a beta of 1.73.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. REV Group had a return on equity of 13.93% and a net margin of 2.31%. The business had revenue of $514.90 million for the quarter, compared to the consensus estimate of $513.04 million. During the same quarter in the previous year, the company posted $0.11 EPS. The company’s revenue was up 16.3% compared to the same quarter last year. equities analysts predict that REV Group Inc will post 1.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, April 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, April 27th. REV Group’s payout ratio is 63.83%.

In other news, CEO Timothy W. Sullivan acquired 100,000 shares of REV Group stock in a transaction on Tuesday, March 13th. The shares were acquired at an average price of $22.53 per share, with a total value of $2,253,000.00. Following the purchase, the chief executive officer now directly owns 108,620 shares in the company, valued at approximately $2,447,208.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in REVG. JPMorgan Chase & Co. bought a new stake in REV Group in the 3rd quarter worth approximately $679,000. Schwab Charles Investment Management Inc. increased its stake in REV Group by 5.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 49,295 shares of the company’s stock worth $1,418,000 after acquiring an additional 2,455 shares during the last quarter. Stifel Financial Corp increased its stake in REV Group by 83.9% in the 3rd quarter. Stifel Financial Corp now owns 65,153 shares of the company’s stock worth $1,890,000 after acquiring an additional 29,718 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in REV Group in the 3rd quarter worth approximately $128,000. Finally, Peregrine Capital Management LLC increased its stake in REV Group by 17.2% in the 4th quarter. Peregrine Capital Management LLC now owns 817,447 shares of the company’s stock worth $26,592,000 after acquiring an additional 120,235 shares during the last quarter. 95.40% of the stock is currently owned by institutional investors and hedge funds.

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About REV Group

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.

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