Rev Group Inc (REVG) Given Consensus Recommendation of “Buy” by Analysts

Shares of Rev Group Inc (NYSE:REVG) have received a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.78.

Several analysts recently issued reports on REVG shares. Stifel Nicolaus raised their price target on Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday. SunTrust Banks started coverage on Rev Group in a report on Friday, November 17th. They issued a “buy” rating and a $33.00 price target on the stock. Finally, Zacks Investment Research raised Rev Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Thursday, September 14th.

Rev Group (REVG) traded up $0.78 during trading hours on Monday, reaching $31.98. The company’s stock had a trading volume of 408,200 shares, compared to its average volume of 332,433. The company has a current ratio of 2.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.55. Rev Group has a 52 week low of $23.38 and a 52 week high of $32.02. The company has a market cap of $2,050.00 and a P/E ratio of 68.04.

Rev Group (NYSE:REVG) last released its earnings results on Tuesday, December 19th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Rev Group had a return on equity of 12.97% and a net margin of 1.38%. The firm had revenue of $683.90 million for the quarter, compared to the consensus estimate of $705.73 million. The firm’s revenue was up 25.5% on a year-over-year basis. analysts anticipate that Rev Group will post 1.64 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, January 26th will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, January 25th. Rev Group’s dividend payout ratio (DPR) is presently 127.66%.

In other news, Director Joel M. Rotroff sold 985 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $26.09, for a total transaction of $25,698.65. Following the completion of the sale, the director now directly owns 3,205 shares of the company’s stock, valued at approximately $83,618.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kim A. Marvin sold 40,263 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $26.09, for a total value of $1,050,461.67. Following the sale, the director now directly owns 150,671 shares of the company’s stock, valued at $3,931,006.39. The disclosure for this sale can be found here.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new stake in shares of Rev Group in the third quarter worth $128,000. Private Advisor Group LLC acquired a new stake in shares of Rev Group in the third quarter worth $224,000. Bluestein R H & Co. acquired a new stake in shares of Rev Group in the third quarter worth $230,000. Virtu KCG Holdings LLC acquired a new stake in shares of Rev Group in the second quarter worth $249,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Rev Group in the second quarter worth $268,000. 24.98% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Rev Group Inc (REVG) Given Consensus Recommendation of “Buy” by Analysts” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.com-unik.info/2017/12/25/rev-group-inc-revg-given-consensus-recommendation-of-buy-by-analysts.html.

Rev Group Company Profile

REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).

Analyst Recommendations for Rev Group (NYSE:REVG)

What are top analysts saying about Rev Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Rev Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit