REV Group (NYSE:REVG) Upgraded by Zacks Research to “Strong-Buy” Rating

REV Group (NYSE:REVG) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Morgan Stanley set a $64.00 price target on REV Group in a research note on Tuesday, September 9th. Wall Street Zen upgraded REV Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Robert W. Baird increased their price target on REV Group from $50.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Finally, DA Davidson increased their price target on REV Group from $55.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.50.

REV Group Trading Down 2.3%

Shares of REVG stock opened at $53.97 on Wednesday. The stock’s fifty day moving average price is $54.81 and its two-hundred day moving average price is $44.21. The company has a market cap of $2.63 billion, a PE ratio of 25.46 and a beta of 1.16. REV Group has a fifty-two week low of $25.76 and a fifty-two week high of $64.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63.

REV Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.16. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The company had revenue of $644.90 million during the quarter, compared to analysts’ expectations of $613.24 million. During the same period in the prior year, the company earned $0.48 EPS. REV Group’s revenue was up 11.3% compared to the same quarter last year. REV Group has set its FY 2025 guidance at EPS. Equities analysts predict that REV Group will post 2.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of REVG. Millennium Management LLC bought a new position in REV Group during the 4th quarter worth $513,000. GAMMA Investing LLC raised its position in shares of REV Group by 3,639.5% in the 1st quarter. GAMMA Investing LLC now owns 13,051 shares of the company’s stock worth $413,000 after acquiring an additional 12,702 shares in the last quarter. Rhumbline Advisers raised its position in shares of REV Group by 5.7% in the 1st quarter. Rhumbline Advisers now owns 75,180 shares of the company’s stock worth $2,376,000 after acquiring an additional 4,050 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of REV Group by 10.9% in the 1st quarter. Toth Financial Advisory Corp now owns 28,920 shares of the company’s stock worth $914,000 after acquiring an additional 2,850 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of REV Group by 300.6% in the 1st quarter. SG Americas Securities LLC now owns 15,181 shares of the company’s stock worth $480,000 after acquiring an additional 11,391 shares in the last quarter.

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.