Rev Group (REVG) Price Target Raised to $39.00

Rev Group (NYSE:REVG) had its target price lifted by SunTrust Banks to $39.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the stock. SunTrust Banks’ price objective indicates a potential upside of 24.24% from the company’s previous close.

REVG has been the subject of several other reports. Zacks Investment Research cut Rev Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Stifel Nicolaus lifted their price target on Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $33.70.

Shares of Rev Group (NYSE:REVG) opened at $31.39 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40. Rev Group has a 1 year low of $23.38 and a 1 year high of $33.15. The firm has a market capitalization of $2,032.79 and a price-to-earnings ratio of 74.74.

Rev Group (NYSE:REVG) last issued its earnings results on Tuesday, December 19th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Rev Group had a return on equity of 12.17% and a net margin of 1.38%. The firm had revenue of $683.90 million during the quarter, compared to analyst estimates of $705.73 million. The firm’s revenue was up 25.5% on a year-over-year basis. sell-side analysts anticipate that Rev Group will post 1.69 earnings per share for the current year.

In related news, Director Joel M. Rotroff sold 985 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were 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 owns 3,205 shares of the company’s stock, valued at approximately $83,618.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. purchased a new position in Rev Group during the 3rd quarter worth $128,000. Private Advisor Group LLC purchased a new stake in Rev Group in the third quarter valued at approximately $224,000. Bluestein R H & Co. purchased a new stake in Rev Group in the third quarter valued at approximately $230,000. Virtu KCG Holdings LLC purchased a new stake in Rev Group in the second quarter valued at approximately $249,000. Finally, Susquehanna International Group LLP acquired a new position in Rev Group during the second quarter valued at approximately $268,000. 24.98% of the stock is currently owned by institutional investors.

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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).

The Fly

Analyst Recommendations for Rev Group (NYSE:REVG)

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