REV Group (NYSE:REVG) Raised to Buy at StockNews.com

StockNews.com upgraded shares of REV Group (NYSE:REVG) from a hold rating to a buy rating in a report released on Tuesday morning.

Separately, 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 for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $20.50.

REV Group Stock Up 4.2 %

REVG stock opened at $31.29 on Tuesday. REV Group has a 1-year low of $12.71 and a 1-year high of $31.44. The stock has a market cap of $1.62 billion, a P/E ratio of 7.65 and a beta of 1.61. The stock’s fifty day simple moving average is $27.08 and its two-hundred day simple moving average is $24.18. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58.

REV Group (NYSE:REVG) last released its earnings results on Wednesday, June 5th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. REV Group had a net margin of 9.41% and a return on equity of 16.85%. The firm had revenue of $616.90 million for the quarter, compared to analysts’ expectations of $603.17 million. Analysts expect that REV Group will post 1.45 EPS for the current year.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. REV Group’s payout ratio is 4.89%.

Hedge Funds Weigh In On REV Group

Several hedge funds have recently made changes to their positions in REVG. Vanguard Group Inc. grew its holdings in REV Group by 56.3% during the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock valued at $104,134,000 after buying an additional 1,698,502 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in REV Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company’s stock valued at $53,846,000 after acquiring an additional 39,484 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in 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 during the period. Charles Schwab Investment Management Inc. lifted its stake in REV Group by 22.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 769,660 shares of the company’s stock worth $13,985,000 after purchasing an additional 140,674 shares in the last quarter. Finally, Nicholas Investment Partners LP boosted its holdings in REV Group by 4.8% in the 2nd quarter. Nicholas Investment Partners LP now owns 755,001 shares of the company’s stock valued at $18,792,000 after purchasing an additional 34,555 shares during the period.

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.