Rev Group (REVG) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of Rev Group (NYSE:REVG) from a strong sell rating to a sell rating in a research note published on Monday, June 18th.

Other equities research analysts have also recently issued research reports about the stock. SunTrust Banks decreased their target price on shares of Rev Group to $31.00 and set a buy rating on the stock in a research note on Friday, March 9th. Stifel Nicolaus set a $35.00 target price on shares of Rev Group and gave the stock a buy rating in a research note on Thursday, March 8th. Robert W. Baird set a $30.00 target price on shares of Rev Group and gave the stock a buy rating in a research note on Thursday, March 8th. TheStreet cut shares of Rev Group from a c- rating to a d+ rating in a research note on Tuesday, April 3rd. Finally, Morgan Stanley began coverage on shares of Rev Group in a research report on Friday, March 2nd. They set an equal weight rating and a $32.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $27.29.

Rev Group traded up $0.39, reaching $16.34, on Monday, according to MarketBeat Ratings. 1,260,382 shares of the stock were exchanged, compared to its average volume of 704,703. Rev Group has a one year low of $12.87 and a one year high of $33.15. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 0.74 and a beta of 1.73. The company has a current ratio of 2.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.63.

Rev Group (NYSE:REVG) last released its earnings results on Wednesday, June 6th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.11). Rev Group had a return on equity of 12.84% and a net margin of 2.28%. The firm had revenue of $608.93 million for the quarter, compared to the consensus estimate of $629.94 million. During the same quarter in the previous year, the business posted $0.29 EPS. Rev Group’s revenue was up 11.7% on a year-over-year basis. sell-side analysts forecast that Rev Group will post 1.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Tuesday, July 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, July 30th. Rev Group’s payout ratio is currently 63.83%.

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Rev Group during the fourth quarter valued at approximately $209,000. Envestnet Asset Management Inc. raised its position in shares of Rev Group by 99.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 8,901 shares of the company’s stock valued at $290,000 after buying an additional 4,444 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of Rev Group during the fourth quarter valued at approximately $318,000. Teacher Retirement System of Texas bought a new stake in shares of Rev Group during the fourth quarter valued at approximately $321,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Rev Group during the fourth quarter valued at approximately $362,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Rev Group (NYSE:REVG)

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