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

Shares of REV Group, Inc. (NYSE:REVG) have received an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $49.25.

Separately, Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th.

Institutional Trading of REV Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in REV Group by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,126,206 shares of the company’s stock valued at $290,502,000 after acquiring an additional 30,651 shares in the last quarter. Magnetar Financial LLC bought a new stake in REV Group during the 4th quarter valued at $97,784,000. Neuberger Berman Group LLC boosted its holdings in shares of REV Group by 52.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,478,119 shares of the company’s stock valued at $83,765,000 after buying an additional 507,524 shares in the last quarter. High Ground Investment Management LLP boosted its holdings in shares of REV Group by 12.2% in the 4th quarter. High Ground Investment Management LLP now owns 1,464,784 shares of the company’s stock valued at $89,074,000 after buying an additional 158,815 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of REV Group by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,442,064 shares of the company’s stock valued at $87,704,000 after buying an additional 25,174 shares in the last quarter.

REV Group Price Performance

Shares of REV Group stock opened at $63.90 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49. REV Group has a 1 year low of $31.05 and a 1 year high of $69.92. The firm’s 50-day moving average is $63.90 and its two-hundred day moving average is $60.93. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14.

REV Group Company Profile

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.