Rev Group (NYSE:REVG)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research note issued to investors on Wednesday, Marketbeat.com reports. They presently have a $16.00 target price on the stock. Deutsche Bank’s price target suggests a potential upside of 15.77% from the stock’s previous close.
A number of other brokerages have also recently commented on REVG. SunTrust Banks cut Rev Group from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research note on Thursday, June 7th. Longbow Research started coverage on Rev Group in a research note on Thursday, May 10th. They set a “neutral” rating for the company. Morgan Stanley decreased their price objective on Rev Group from $30.00 to $20.00 and set a “hold” rating for the company in a research note on Friday, June 8th. ValuEngine raised Rev Group from a “strong sell” rating to a “sell” rating in a research note on Monday, June 18th. Finally, Zacks Investment Research cut Rev Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Rev Group presently has a consensus rating of “Hold” and an average target price of $23.56.
Shares of Rev Group stock opened at $13.82 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.63. Rev Group has a 12 month low of $12.73 and a 12 month high of $33.15. The firm has a market cap of $1.01 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.91 and a beta of 1.61.
Rev Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). Rev Group had a return on equity of 13.03% and a net margin of 2.40%. The company had revenue of $597.70 million for the quarter, compared to analyst estimates of $649.64 million. During the same period last year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. equities research analysts anticipate that Rev Group will post 1.38 earnings per share for the current fiscal year.
In other Rev Group news, Director John Canan bought 5,040 shares of the firm’s stock in a transaction on Monday, June 25th. The stock was purchased at an average cost of $16.04 per share, with a total value of $80,841.60. Following the completion of the purchase, the director now owns 5,763 shares in the company, valued at $92,438.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders acquired 7,040 shares of company stock valued at $112,892. Insiders own 4.00% of the company’s stock.
Several institutional investors have recently modified their holdings of REVG. Bank of Montreal Can lifted its holdings in shares of Rev Group by 271.7% in the second quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock valued at $204,000 after purchasing an additional 8,733 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Rev Group by 31.8% in the first quarter. Envestnet Asset Management Inc. now owns 11,728 shares of the company’s stock valued at $243,000 after purchasing an additional 2,827 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Rev Group by 79.5% in the first quarter. Dynamic Technology Lab Private Ltd now owns 14,695 shares of the company’s stock valued at $305,000 after purchasing an additional 6,507 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Rev Group by 161.0% in the second quarter. Tower Research Capital LLC TRC now owns 23,698 shares of the company’s stock valued at $403,000 after purchasing an additional 14,617 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Rev Group by 27.2% in the first quarter. American International Group Inc. now owns 19,490 shares of the company’s stock valued at $405,000 after purchasing an additional 4,172 shares in the last quarter.
About Rev Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, 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 municipal fire departments, EMS providers, and private fleets through dealers.
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