REV Group (NYSE:REVG) Downgraded by StockNews.com

StockNews.com lowered shares of REV Group (NYSE:REVG) from a strong-buy rating to a buy rating in a research note published on Thursday.

Separately, The Goldman Sachs Group raised their price objective on REV Group from $18.00 to $20.00 and gave the company a sell rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $17.60.

REV Group Price Performance

Shares of NYSE REVG opened at $21.24 on Thursday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.24 and a beta of 1.70. The business has a 50-day moving average of $20.64 and a 200-day moving average of $18.12. REV Group has a fifty-two week low of $9.85 and a fifty-two week high of $23.85.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.10. The company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. REV Group’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. On average, sell-side analysts expect that REV Group will post 1.35 EPS for the current year.

REV Group Announces Dividend

The firm also recently declared 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. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, March 27th. REV Group’s payout ratio is currently 4.94%.

Hedge Funds Weigh In On REV Group

A number of hedge funds and other institutional investors have recently bought and sold shares of REVG. DekaBank Deutsche Girozentrale bought a new position in REV Group during the fourth quarter worth about $39,000. National Bank of Canada FI grew its holdings in REV Group by 236.8% during the third quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock worth $55,000 after purchasing an additional 2,368 shares during the period. New York State Teachers Retirement System acquired a new stake in REV Group during the first quarter worth approximately $63,000. AJOVista LLC acquired a new stake in REV Group during the fourth quarter worth approximately $68,000. Finally, SG Americas Securities LLC acquired a new stake in REV Group during the third quarter worth approximately $117,000.

REV Group Company Profile

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.