Shares of Rev Group Inc (NYSE:REVG) have earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $33.44.
REVG has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on Rev Group from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded Rev Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. Finally, SunTrust Banks initiated coverage on Rev Group in a research note on Friday, November 17th. They issued a “buy” rating and a $33.00 price objective for the company.
Several institutional investors and hedge funds have recently modified their holdings of the business. Aip LLC acquired a new stake in shares of Rev Group in the 4th quarter worth $1,098,678,000. BlackRock Inc. increased its stake in shares of Rev Group by 69.5% in the 4th quarter. BlackRock Inc. now owns 1,525,024 shares of the company’s stock worth $49,609,000 after acquiring an additional 625,448 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Rev Group by 19.0% in the 4th quarter. Bamco Inc. NY now owns 1,250,000 shares of the company’s stock worth $40,662,000 after acquiring an additional 200,000 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Rev Group by 74.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,242,955 shares of the company’s stock worth $40,434,000 after acquiring an additional 530,403 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Rev Group by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,204,841 shares of the company’s stock worth $33,350,000 after acquiring an additional 60,773 shares during the last quarter. 80.45% of the stock is owned by institutional investors and hedge funds.
Rev Group (NYSE:REVG) traded down $0.25 during midday trading on Tuesday, reaching $26.61. The company had a trading volume of 604,345 shares, compared to its average volume of 485,174. Rev Group has a 1 year low of $23.38 and a 1 year high of $33.15. The company has a current ratio of 1.77, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1,717.46 and a P/E ratio of 31.31.
Rev Group (NYSE:REVG) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). Rev Group had a net margin of 1.38% and a return on equity of 12.17%. The firm had revenue of $683.90 million during the quarter, compared to analyst estimates of $705.73 million. Rev Group’s quarterly revenue was up 25.5% on a year-over-year basis. research analysts predict that Rev Group will post 1.75 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, January 26th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, January 25th. Rev Group’s dividend payout ratio (DPR) is presently 142.86%.
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Rev Group Company Profile
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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