Morgan Stanley Downgrades REV Group (NYSE:REVG) to Underweight

REV Group (NYSE:REVG) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Wednesday,Briefing.com Automated Import reports. They presently have a $33.00 price objective on the stock. Morgan Stanley’s price objective would suggest a potential upside of 3.76% from the company’s previous close.

REV Group Stock Down 0.3 %

Shares of REVG opened at $31.81 on Wednesday. The stock has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $31.03. REV Group has a 52-week low of $20.51 and a 52-week high of $36.00. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.64 billion, a PE ratio of 7.08 and a beta of 1.22.

Institutional Trading of REV Group

Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of REV Group by 3.3% during the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company’s stock valued at $30,615,000 after acquiring an additional 35,066 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of REV Group during the 3rd quarter worth about $277,000. Barclays PLC grew its stake in shares of REV Group by 355.5% in the third quarter. Barclays PLC now owns 89,619 shares of the company’s stock worth $2,515,000 after acquiring an additional 69,946 shares during the last quarter. Geode Capital Management LLC increased its holdings in REV Group by 15.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock valued at $36,621,000 after buying an additional 173,759 shares during the period. Finally, Franklin Resources Inc. grew its position in REV Group by 0.8% in the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock valued at $2,776,000 after acquiring an additional 766 shares during the period.

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.