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

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

Separately, The Goldman Sachs Group upped their price target on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.60.

REV Group Stock Down 2.2 %

REVG traded down $0.49 on Tuesday, reaching $21.61. The company’s stock had a trading volume of 747,961 shares, compared to its average volume of 891,809. REV Group has a fifty-two week low of $9.85 and a fifty-two week high of $23.85. The stock has a 50 day moving average of $20.06 and a two-hundred day moving average of $17.83. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 5.34 and a beta of 1.70.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $579.42 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, analysts anticipate that REV Group will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of REV Group

A number of large investors have recently made changes to their positions in the stock. Toth Financial Advisory Corp acquired a new stake in shares of REV Group during the first quarter valued at $641,000. Wellington Management Group LLP boosted its stake in REV Group by 16.1% in the 4th quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock worth $8,906,000 after buying an additional 68,047 shares during the last quarter. Virtu Financial LLC acquired a new stake in REV Group in the 4th quarter worth about $187,000. Quarry LP boosted its stake in REV Group by 48.1% in the 4th quarter. Quarry LP now owns 1,762 shares of the company’s stock worth $32,000 after buying an additional 572 shares during the last quarter. Finally, Barclays PLC boosted its stake in REV Group by 441.2% in the 4th quarter. Barclays PLC now owns 59,378 shares of the company’s stock worth $1,079,000 after buying an additional 48,406 shares during 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.