Credit Suisse Group reiterated their hold rating on shares of Rev Group (NYSE:REVG) in a research note released on Monday, TipRanks reports. The brokerage currently has a $8.00 price target on the stock.
A number of other brokerages have also recently commented on REVG. ValuEngine cut Rev Group from a buy rating to a hold rating in a research note on Tuesday, December 10th. Morgan Stanley lowered their price target on Rev Group from $8.50 to $6.50 and set an underweight rating for the company in a research note on Tuesday, March 17th. Deutsche Bank upped their price target on Rev Group from $9.00 to $12.00 and gave the company a hold rating in a research note on Friday, December 20th. Goldman Sachs Group decreased their price objective on Rev Group from $6.75 to $6.00 and set a sell rating for the company in a research report on Thursday, March 19th. Finally, Wells Fargo & Co lowered Rev Group from an equal weight rating to an underweight rating and decreased their price objective for the company from $13.00 to $11.00 in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $7.93.
Shares of REVG stock opened at $4.48 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.09 and a quick ratio of 0.79. The stock has a market cap of $283.40 million, a PE ratio of -40.72, a price-to-earnings-growth ratio of 0.81 and a beta of 2.82. The stock has a 50-day moving average of $8.05 and a 200-day moving average of $10.96. Rev Group has a one year low of $4.17 and a one year high of $14.99.
Rev Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, March 4th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $532.10 million during the quarter, compared to the consensus estimate of $504.52 million. Rev Group had a negative net margin of 0.30% and a positive return on equity of 4.54%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. As a group, research analysts anticipate that Rev Group will post 0.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, April 30th will be given a $0.05 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $0.20 annualized dividend and a dividend yield of 4.46%. Rev Group’s dividend payout ratio is presently 50.00%.
In other Rev Group news, CFO Dean J. Nolden acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average cost of $5.72 per share, for a total transaction of $85,800.00. Following the transaction, the chief financial officer now owns 156,100 shares of the company’s stock, valued at $892,892. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dean J. Nolden sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $10.66, for a total value of $53,300.00. Following the completion of the transaction, the chief financial officer now owns 141,100 shares of the company’s stock, valued at $1,504,126. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in REVG. First Trust Advisors LP boosted its position in Rev Group by 64.9% during the 1st quarter. First Trust Advisors LP now owns 170,323 shares of the company’s stock worth $1,865,000 after acquiring an additional 67,052 shares during the last quarter. California Public Employees Retirement System acquired a new position in Rev Group during the 3rd quarter worth approximately $134,000. Tower Research Capital LLC TRC acquired a new position in Rev Group during the 3rd quarter worth approximately $84,000. State Street Corp boosted its position in Rev Group by 1.7% during the 3rd quarter. State Street Corp now owns 748,879 shares of the company’s stock worth $8,560,000 after acquiring an additional 12,456 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Rev Group during the 3rd quarter worth approximately $402,000. 99.21% of the stock is owned by hedge funds and other institutional investors.
About Rev Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
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