Rev Group (REVG) Rating Increased to Strong-Buy at Zacks Investment Research

Rev Group (NYSE:REVG) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage currently has a $36.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 11.59% from the company’s previous close.

According to Zacks, “REV Group, Inc. designs, manufactures and distributes specialty vehicles, and related aftermarket parts and services. Its operating segment includes Fire & Emergency, Commercial and Recreation. Fire & Emergency segment provides ambulances, fire apparatus, school buses, mobility vans and municipal transit buses. Commercial segment provides industrial and commercial services through terminal trucks, cut-away buses and street sweepers. Recreation segment provides consumer leisure through recreational vehicles and luxury buses. REV Group, Inc. is headquartered in Milwaukee, WI. “

REVG has been the topic of a number of other research reports. Stifel Nicolaus upped their price target on shares of Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. SunTrust Banks initiated coverage on shares of Rev Group in a research note on Friday, November 17th. They issued a “buy” rating and a $33.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $33.10.

Shares of Rev Group (REVG) opened at $32.26 on Tuesday. Rev Group has a fifty-two week low of $23.38 and a fifty-two week high of $32.57. The company has a market cap of $2,040.00 and a price-to-earnings ratio of 68.64. 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 (NYSE:REVG) last announced its earnings results on Tuesday, December 19th. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The business had revenue of $683.90 million for the quarter, compared to the consensus estimate of $705.73 million. Rev Group had a net margin of 1.38% and a return on equity of 12.97%. The business’s revenue was up 25.5% on a year-over-year basis. sell-side analysts forecast that Rev Group will post 1.73 earnings per share for the current year.

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

A number of large investors have recently modified their holdings of the business. Bamco Inc. NY increased its position in shares of Rev Group by 40.0% during the 3rd quarter. Bamco Inc. NY now owns 1,050,000 shares of the company’s stock valued at $30,198,000 after purchasing an additional 300,000 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Rev Group during the 3rd quarter valued at about $128,000. Bluestein R H & Co. purchased a new stake in shares of Rev Group during the 3rd quarter valued at about $230,000. Private Advisor Group LLC purchased a new stake in shares of Rev Group during the 3rd quarter valued at about $224,000. Finally, Invictus RG purchased a new stake in shares of Rev Group during the 3rd quarter valued at about $305,000. 24.98% of the stock is owned by institutional investors and hedge funds.

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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).

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