REV Group (NYSE:REVG) Price Target Raised to $38.00

REV Group (NYSE:REVG) had its price objective hoisted by Robert W. Baird from $32.00 to $38.00 in a research note released on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms also recently weighed in on REVG. StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. The Goldman Sachs Group raised their price objective on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research note on Thursday, September 5th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $33.00 price objective on shares of REV Group in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.75.

REV Group Stock Up 3.6 %

REVG opened at $35.23 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. The business has a 50 day simple moving average of $29.44 and a 200-day simple moving average of $27.97. The stock has a market capitalization of $1.83 billion, a P/E ratio of 7.85 and a beta of 1.61. REV Group has a 12 month low of $16.00 and a 12 month high of $35.96.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be given a dividend of $0.06 per share. This is an increase from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, December 26th. This represents a $0.24 annualized dividend and a yield of 0.68%. REV Group’s dividend payout ratio (DPR) is presently 4.45%.

Hedge Funds Weigh In On REV Group

Hedge funds have recently bought and sold shares of the stock. Amalgamated Bank increased its position in REV Group by 67.5% during the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after buying an additional 716 shares in the last quarter. Farther Finance Advisors LLC increased its position in REV Group by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after buying an additional 461 shares in the last quarter. CWM LLC grew its position in shares of REV Group by 525.6% in the second quarter. CWM LLC now owns 4,010 shares of the company’s stock valued at $100,000 after purchasing an additional 3,369 shares during the period. Atria Investments Inc purchased a new stake in shares of REV Group in the third quarter valued at $201,000. Finally, DekaBank Deutsche Girozentrale increased its stake in REV Group by 257.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after purchasing an additional 5,420 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.