StockNews.com Upgrades REV Group (NYSE:REVG) to “Strong-Buy”

REV Group (NYSE:REVG) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Separately, The Goldman Sachs Group boosted their target price on shares of REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, REV Group has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

REV Group Price Performance

REVG opened at $21.24 on Tuesday. REV Group has a fifty-two week low of $9.85 and a fifty-two week high of $23.85. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.24 and a beta of 1.70. The company’s 50 day moving average price is $20.10 and its two-hundred day moving average price is $17.86.

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 analysts’ consensus estimates of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The firm had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. During the same period in the previous year, the firm posted $0.04 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities research analysts predict that REV Group will post 1.35 EPS for the current year.

Institutional Investors Weigh In On REV Group

A number of institutional investors have recently modified their holdings of REVG. Millennium Management LLC boosted its stake in shares of REV Group by 4,975.0% in the 4th quarter. Millennium Management LLC now owns 519,936 shares of the company’s stock valued at $6,562,000 after purchasing an additional 509,691 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of REV Group by 1,020.6% during the 3rd quarter. Federated Hermes Inc. now owns 382,653 shares of the company’s stock valued at $6,122,000 after acquiring an additional 348,507 shares during the period. Comerica Bank acquired a new position in shares of REV Group during the 2nd quarter valued at $4,547,000. Dimensional Fund Advisors LP lifted its position in shares of REV Group by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,194 shares of the company’s stock valued at $29,176,000 after acquiring an additional 214,781 shares during the period. Finally, State Street Corp lifted its position in shares of REV Group by 32.8% during the 1st quarter. State Street Corp now owns 791,875 shares of the company’s stock valued at $10,645,000 after acquiring an additional 195,632 shares during the period.

About REV Group

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.