Credit Suisse Group downgraded shares of Rev Group (NYSE:REVG) from an outperform rating to a neutral rating in a research note released on Tuesday morning, MarketBeat reports. They currently have $8.00 target price on the stock, down from their previous target price of $16.00.
A number of other equities analysts also recently weighed in on the company. Morgan Stanley set a $11.00 price target on Rev Group and gave the stock a hold rating in a research report on Sunday, December 30th. Zacks Investment Research downgraded Rev Group from a hold rating to a strong sell rating in a research report on Wednesday, December 26th. SunTrust Banks set a $8.00 price target on Rev Group and gave the stock a hold revg rating in a research report on Monday, December 24th. Wells Fargo & Co decreased their target price on Rev Group from $14.00 to $8.00 and set a market perform rating on the stock in a research report on Friday, December 21st. Finally, Robert W. Baird decreased their target price on Rev Group from $15.00 to $11.00 and set an outperform rating on the stock in a research report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $11.88.
Shares of NYSE REVG opened at $7.86 on Tuesday. The company has a market cap of $544.72 million, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 1.39 and a beta of 2.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.79 and a current ratio of 2.02. Rev Group has a twelve month low of $6.41 and a twelve month high of $31.93.
Rev Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, December 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.23). The business had revenue of $659.80 million for the quarter, compared to analyst estimates of $709.58 million. Rev Group had a return on equity of 11.18% and a net margin of 0.55%. Rev Group’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. On average, analysts anticipate that Rev Group will post 1.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, January 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, January 30th. Rev Group’s payout ratio is 19.42%.
Several institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new stake in Rev Group during the 4th quarter worth about $205,000. Virtu Financial LLC acquired a new stake in Rev Group during the 4th quarter worth about $124,000. Vanguard Group Inc grew its holdings in Rev Group by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 2,480,140 shares of the company’s stock worth $38,938,000 after acquiring an additional 38,942 shares during the period. Clearbridge Investments LLC grew its holdings in Rev Group by 800,798.4% during the 3rd quarter. Clearbridge Investments LLC now owns 512,575 shares of the company’s stock worth $8,047,000 after acquiring an additional 512,511 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Rev Group by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,480,140 shares of the company’s stock worth $38,938,000 after acquiring an additional 38,942 shares during the period.
Rev Group Company Profile
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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