Rev Group Inc (REVG) Given Average Rating of “Hold” by Brokerages

Rev Group Inc (NYSE:REVG) has received an average rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.17.

Several analysts have issued reports on REVG shares. Robert W. Baird cut their price objective on Rev Group from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, December 21st. Wells Fargo & Co cut their price objective on Rev Group from $14.00 to $8.00 and set a “market perform” rating on the stock in a report on Friday, December 21st. Morgan Stanley restated a “hold” rating and set a $11.00 price objective on shares of Rev Group in a report on Friday, December 21st. SunTrust Banks set a $8.00 price objective on Rev Group and gave the stock a “hold revg” rating in a report on Monday, December 24th. Finally, Zacks Investment Research downgraded Rev Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 26th.

Rev Group stock traded down $0.13 during midday trading on Monday, hitting $12.19. The company’s stock had a trading volume of 295,311 shares, compared to its average volume of 404,753. The company has a current ratio of 2.32, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. Rev Group has a 12 month low of $6.41 and a 12 month high of $18.90. The stock has a market cap of $765.62 million, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.98 and a beta of 2.86.

Rev Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.07). Rev Group had a positive return on equity of 9.21% and a negative net margin of 0.46%. The business had revenue of $518.70 million during the quarter, compared to the consensus estimate of $510.80 million. During the same quarter last year, the firm posted $0.15 earnings per share. Rev Group’s revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that Rev Group will post 1.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Tuesday, April 30th will be issued a $0.05 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.64%. Rev Group’s dividend payout ratio is 19.42%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Pzena Investment Management LLC increased its holdings in shares of Rev Group by 359.0% in the 4th quarter. Pzena Investment Management LLC now owns 3,051,834 shares of the company’s stock valued at $22,919,000 after purchasing an additional 2,386,953 shares during the period. Vanguard Group Inc. increased its holdings in shares of Rev Group by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 2,480,140 shares of the company’s stock valued at $38,938,000 after purchasing an additional 38,942 shares during the period. Vanguard Group Inc increased its holdings in shares of Rev Group by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 2,480,140 shares of the company’s stock valued at $38,938,000 after purchasing an additional 38,942 shares during the period. BlackRock Inc. grew its stake in shares of Rev Group by 1.9% in the 4th quarter. BlackRock Inc. now owns 1,942,327 shares of the company’s stock valued at $14,587,000 after buying an additional 35,432 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Rev Group by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,849 shares of the company’s stock valued at $8,876,000 after buying an additional 109,553 shares in the last quarter.

About Rev Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, 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 municipalities and private contractors.

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Analyst Recommendations for Rev Group (NYSE:REVG)

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