Rev Group Inc (NYSE:REVG) Receives Consensus Rating of “Hold” from Analysts

Rev Group Inc (NYSE:REVG) has been given an average rating of “Hold” by the ten analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several equities analysts have recently weighed in on REVG shares. Zacks Investment Research cut Rev Group from a “hold” rating to a “sell” rating in a report on Friday, September 13th. Robert W. Baird set a $12.00 price objective on Rev Group and gave the company a “buy” rating in a report on Friday, September 6th. Wells Fargo & Co cut their price objective on Rev Group from $14.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, September 6th. Goldman Sachs Group cut Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 price objective on the stock. in a report on Wednesday, August 7th. Finally, BMO Capital Markets cut Rev Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $12.00 to $11.00 in a report on Friday, September 27th.

NYSE:REVG opened at $11.49 on Monday. Rev Group has a fifty-two week low of $6.41 and a fifty-two week high of $14.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.99 and a quick ratio of 0.71. The stock has a market capitalization of $674.33 million, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.42 and a beta of 2.95. The business’s 50-day simple moving average is $11.10 and its 200-day simple moving average is $12.19.

Rev Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.23). Rev Group had a negative net margin of 1.05% and a positive return on equity of 7.09%. The business had revenue of $617.00 million for the quarter, compared to the consensus estimate of $632.44 million. During the same quarter last year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts expect that Rev Group will post 0.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, October 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, October 29th. Rev Group’s payout ratio is 19.42%.

In other news, CEO Timothy W. Sullivan bought 50,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $9.58 per share, for a total transaction of $479,000.00. Following the purchase, the chief executive officer now owns 1,853,160 shares of the company’s stock, valued at approximately $17,753,272.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Dean J. Nolden bought 9,158 shares of the business’s stock in a transaction on Monday, September 16th. The stock was purchased at an average price of $10.87 per share, for a total transaction of $99,547.46. Following the purchase, the chief financial officer now directly owns 104,525 shares in the company, valued at approximately $1,136,186.75. The disclosure for this purchase can be found here. Insiders own 3.71% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REVG. Bank of Montreal Can lifted its stake in Rev Group by 211.1% in the 1st quarter. Bank of Montreal Can now owns 3,883 shares of the company’s stock valued at $43,000 after acquiring an additional 2,635 shares in the last quarter. Susquehanna International Group LLP lifted its stake in Rev Group by 178.3% in the 2nd quarter. Susquehanna International Group LLP now owns 10,493 shares of the company’s stock valued at $151,000 after acquiring an additional 23,893 shares in the last quarter. Jane Street Group LLC bought a new stake in Rev Group in the 2nd quarter valued at approximately $684,000. Swiss National Bank increased its position in shares of Rev Group by 4.2% during the 2nd quarter. Swiss National Bank now owns 52,500 shares of the company’s stock worth $757,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Rev Group by 12.7% during the 2nd quarter. Royal Bank of Canada now owns 54,366 shares of the company’s stock worth $783,000 after purchasing an additional 6,121 shares during the last quarter.

Rev Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.

Featured Story: Hold Rating

Analyst Recommendations for Rev Group (NYSE:REVG)

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