Analysts at MED began coverage on shares of Rev Group (NYSE:REVG) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set a “hold” rating and a $16.00 price target on the stock. MED’s target price would indicate a potential upside of 15.77% from the company’s current price.

REVG has been the topic of several other research reports. ValuEngine cut shares of Rev Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Credit Suisse Group dropped their target price on shares of Rev Group from $32.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, June 11th. Zacks Investment Research cut shares of Rev Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Deutsche Bank reissued a “hold” rating and set a $16.00 target price on shares of Rev Group in a research report on Wednesday. Finally, Morgan Stanley dropped their target price on shares of Rev Group from $30.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, June 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Rev Group currently has an average rating of “Hold” and an average price target of $23.56.

Rev Group stock opened at $13.82 on Wednesday. Rev Group has a 52 week low of $12.73 and a 52 week high of $33.15. The company has a current ratio of 2.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.91 and a beta of 1.61.

Rev Group (NYSE:REVG) last posted its earnings results on Wednesday, September 5th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). Rev Group had a return on equity of 13.03% and a net margin of 2.40%. The firm had revenue of $597.70 million for the quarter, compared to the consensus estimate of $649.64 million. During the same period in the prior year, the business earned $0.33 EPS. Rev Group’s quarterly revenue was up .4% compared to the same quarter last year. sell-side analysts expect that Rev Group will post 1.38 earnings per share for the current fiscal year.

In related news, Director John Canan purchased 5,040 shares of the stock in a transaction that occurred on Monday, June 25th. The shares were bought at an average price of $16.04 per share, with a total value of $80,841.60. Following the acquisition, the director now owns 5,763 shares of the company’s stock, valued at approximately $92,438.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 7,040 shares of company stock worth $112,892 in the last ninety days. 4.00% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Rev Group by 31.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,728 shares of the company’s stock worth $243,000 after purchasing an additional 2,827 shares during the period. American International Group Inc. raised its holdings in shares of Rev Group by 27.2% in the 1st quarter. American International Group Inc. now owns 19,490 shares of the company’s stock worth $405,000 after purchasing an additional 4,172 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Rev Group by 26.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 23,664 shares of the company’s stock worth $491,000 after purchasing an additional 4,954 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in shares of Rev Group by 79.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 14,695 shares of the company’s stock worth $305,000 after purchasing an additional 6,507 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Rev Group by 36.1% in the 1st quarter. Rhumbline Advisers now owns 27,616 shares of the company’s stock worth $573,000 after purchasing an additional 7,330 shares during the period.

Rev Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, 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 municipal fire departments, EMS providers, and private fleets through dealers.

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Analyst Recommendations for Rev Group (NYSE:REVG)

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