REV Group (NYSE:REVG) PT Raised to $20.00

REV Group (NYSE:REVG) had its price target upped by The Goldman Sachs Group from $18.00 to $20.00 in a research note released on Tuesday, Benzinga reports. The firm currently has a sell rating on the stock.

Separately, StockNews.com downgraded REV Group from a strong-buy rating to a buy rating in a research note on Saturday, March 30th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $17.60.

REV Group Stock Performance

REVG stock opened at $21.23 on Tuesday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.24 and a beta of 1.70. REV Group has a fifty-two week low of $9.85 and a fifty-two week high of $23.85. The stock has a fifty day moving average of $20.27 and a 200-day moving average of $17.91.

REV Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. The company had revenue of $586.00 million during the quarter, compared to the consensus estimate of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 EPS. Equities analysts predict that REV Group will post 1.35 EPS for the current year.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. REV Group’s dividend payout ratio (DPR) is 4.94%.

Institutional Trading of REV Group

A number of institutional investors have recently added to or reduced their stakes in REVG. Millennium Management LLC lifted its holdings in REV Group by 4,975.0% during the 4th quarter. Millennium Management LLC now owns 519,936 shares of the company’s stock worth $6,562,000 after purchasing an additional 509,691 shares in the last quarter. Federated Hermes Inc. lifted its holdings in REV Group by 1,020.6% during the 3rd quarter. Federated Hermes Inc. now owns 382,653 shares of the company’s stock worth $6,122,000 after purchasing an additional 348,507 shares in the last quarter. Comerica Bank purchased a new stake in REV Group during the 2nd quarter worth about $4,547,000. Allspring Global Investments Holdings LLC purchased a new stake in REV Group during the 1st quarter worth about $5,764,000. Finally, Dimensional Fund Advisors LP lifted its holdings in REV Group by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,194 shares of the company’s stock worth $29,176,000 after purchasing an additional 214,781 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.