REV Group (NYSE:REVG) Stock Rating Reaffirmed by DA Davidson

DA Davidson reaffirmed their buy rating on shares of REV Group (NYSE:REVG) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $33.00 price target on the stock.

Other research analysts have also issued reports about the company. StockNews.com raised REV Group from a hold rating to a buy rating in a research report on Tuesday, August 27th. Morgan Stanley assumed coverage on REV Group in a research report on Tuesday, June 11th. They issued an equal weight rating and a $29.50 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $24.10.

REV Group Stock Down 3.8 %

NYSE:REVG opened at $24.94 on Thursday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.10 and a beta of 1.59. REV Group has a 1-year low of $12.71 and a 1-year high of $31.85. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average price is $27.50 and its 200 day moving average price is $24.66.

REV Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $579.40 million for the quarter, compared to analyst estimates of $618.70 million. REV Group had a return on equity of 18.05% and a net margin of 9.92%. REV Group’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. On average, sell-side analysts forecast that REV Group will post 1.45 earnings per share for the current fiscal year.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, September 27th. REV Group’s payout ratio is currently 4.89%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of REV Group by 56.3% during the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock worth $104,134,000 after acquiring an additional 1,698,502 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of REV Group by 161.8% during the 1st quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock worth $20,940,000 after acquiring an additional 585,841 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of REV Group during the 2nd quarter worth about $9,535,000. Hood River Capital Management LLC bought a new stake in shares of REV Group during the 1st quarter worth about $8,240,000. Finally, Bessemer Group Inc. bought a new stake in shares of REV Group during the 1st quarter worth about $6,293,000.

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.