REV Group (NYSE:REVG) Downgraded by StockNews.com to “Hold”

REV Group (NYSE:REVG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

REVG has been the topic of several other reports. The Goldman Sachs Group upped their target price on shares of REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. Morgan Stanley started coverage on shares of REV Group in a research report on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.50.

REV Group Price Performance

REVG stock traded up $0.69 during mid-day trading on Friday, hitting $28.52. The company had a trading volume of 871,769 shares, compared to its average volume of 849,958. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 6.97 and a beta of 1.61. REV Group has a 12-month low of $12.71 and a 12-month high of $29.89. The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $26.29 and a 200 day moving average price of $23.13.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, June 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.10. The firm had revenue of $616.90 million for the quarter, compared to analysts’ expectations of $603.17 million. REV Group had a net margin of 9.41% and a return on equity of 16.85%. On average, research analysts anticipate that REV Group will post 1.45 earnings per share for the current year.

Institutional Trading of REV Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REVG. DekaBank Deutsche Girozentrale purchased a new stake in REV Group in the 4th quarter worth about $39,000. New York State Teachers Retirement System purchased a new stake in REV Group in the 1st quarter worth about $63,000. AJOVista LLC purchased a new stake in REV Group in the 4th quarter worth about $68,000. CWM LLC grew its stake in REV Group by 525.6% in the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after acquiring an additional 3,369 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in REV Group in the 4th quarter worth about $187,000.

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.