Rev Group (NYSE:REVG) had its target price cut by Stifel Nicolaus from $20.00 to $18.00 in a report issued on Friday morning, MarketBeat.com reports. They currently have a buy rating on the stock.
REVG has been the topic of several other reports. ValuEngine cut shares of Rev Group from a sell rating to a strong sell rating in a research report on Saturday, June 2nd. Credit Suisse Group cut their price target on shares of Rev Group from $32.00 to $20.00 and set an outperform rating on the stock in a research report on Monday, June 11th. Morgan Stanley cut their price target on shares of Rev Group from $30.00 to $20.00 and set a hold rating on the stock in a research report on Friday, June 8th. SunTrust Banks lowered shares of Rev Group from a buy rating to a hold rating and set a $33.00 price objective on the stock. in a research note on Thursday, June 7th. Finally, Longbow Research began coverage on shares of Rev Group in a research note on Thursday, May 10th. They set a neutral rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $23.11.
NYSE:REVG traded up $0.14 on Friday, hitting $13.96. 1,170,397 shares of the company’s stock were exchanged, compared to its average volume of 512,593. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.26 and a quick ratio of 0.75. Rev Group has a 52 week low of $12.73 and a 52 week high of $33.15. The stock has a market capitalization of $873.35 million, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.67 and a beta of 1.61.
Rev Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, September 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.06). Rev Group had a return on equity of 13.12% and a net margin of 2.40%. The business had revenue of $597.70 million for the quarter, compared to the consensus estimate of $649.64 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. analysts anticipate that Rev Group will post 1.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. Rev Group’s dividend payout ratio is presently 21.28%.
In other news, Director John Canan acquired 5,040 shares of the stock in a transaction dated Monday, June 25th. The shares were bought at an average cost of $16.04 per share, for a total transaction of $80,841.60. Following the purchase, the director now directly owns 5,763 shares of the company’s stock, valued at $92,438.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 7,040 shares of company stock worth $112,892 over the last 90 days. 4.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in REVG. Bank of Montreal Can grew its stake in Rev Group by 271.7% in the 2nd quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock valued at $204,000 after buying an additional 8,733 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Rev Group by 31.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,728 shares of the company’s stock valued at $243,000 after buying an additional 2,827 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Rev Group by 79.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 14,695 shares of the company’s stock valued at $305,000 after buying an additional 6,507 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Rev Group by 161.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 23,698 shares of the company’s stock valued at $403,000 after buying an additional 14,617 shares during the last quarter. Finally, American International Group Inc. grew its stake in Rev Group by 27.2% in the 1st quarter. American International Group Inc. now owns 19,490 shares of the company’s stock valued at $405,000 after buying an additional 4,172 shares during 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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