REV Group, Inc. (NYSE:REVG) Receives Average Rating of “Hold” from Analysts

REV Group, Inc. (NYSE:REVG) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $49.25.

Several brokerages recently weighed in on REVG. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in REV Group by 70.0% in the fourth quarter. Allworth Financial LP now owns 425 shares of the company’s stock worth $26,000 after acquiring an additional 175 shares during the period. Smartleaf Asset Management LLC grew its position in REV Group by 298.5% in the third quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after acquiring an additional 409 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in REV Group in the fourth quarter worth approximately $35,000. IFP Advisors Inc grew its position in REV Group by 798.5% in the third quarter. IFP Advisors Inc now owns 593 shares of the company’s stock worth $34,000 after acquiring an additional 527 shares during the period. Finally, Covestor Ltd grew its position in REV Group by 22,600.0% in the third quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after acquiring an additional 678 shares during the period.

REV Group Stock Performance

Shares of REV Group stock opened at $63.90 on Friday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. REV Group has a fifty-two week low of $26.51 and a fifty-two week high of $69.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. The stock has a 50 day moving average of $63.90 and a 200 day moving average of $60.89.

About REV Group

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.