REV Group, Inc. (NYSE:REVG) Receives $49.25 Average Target Price from Brokerages

REV Group, Inc. (NYSE:REVG) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $49.25.

A number of research analysts have recently issued reports on REVG shares. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Aristides Capital LLC acquired a new stake in REV Group in the fourth quarter worth $225,000. Virtu Financial LLC acquired a new position in shares of REV Group during the fourth quarter valued at about $561,000. Mcguire Capital Advisors Inc. bought a new position in shares of REV Group during the 4th quarter worth about $35,000. Mercer Global Advisors Inc. ADV grew its stake in shares of REV Group by 92.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,560 shares of the company’s stock valued at $885,000 after buying an additional 6,988 shares during the period. Finally, Vident Advisory LLC increased its position in REV Group by 13.3% in the 4th quarter. Vident Advisory LLC now owns 83,430 shares of the company’s stock valued at $5,073,000 after buying an additional 9,807 shares in the last quarter.

REV Group Price Performance

REVG stock opened at $63.90 on Monday. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. The company’s fifty day simple moving average is $64.63 and its 200 day simple moving average is $60.20. REV Group has a 12-month low of $26.51 and a 12-month high of $69.92.

About REV Group

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.