Rev Group (NYSE:REVG) Price Target Raised to $15.50

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Rev Group (NYSE:REVG) had its target price upped by BMO Capital Markets to $15.50 in a report issued on Monday, June 17th, The Fly reports. BMO Capital Markets currently has an outperform rating on the stock. The analysts noted that the move was a valuation call.

Several other equities analysts have also issued reports on the company. Robert W. Baird set a $13.00 price target on Rev Group and gave the stock a buy rating in a research report on Friday, June 7th. Zacks Investment Research raised Rev Group from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Wednesday, March 13th. Deutsche Bank set a $9.00 target price on Rev Group and gave the stock a hold rating in a research report on Friday, March 8th. Finally, ValuEngine raised Rev Group from a sell rating to a hold rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $11.75.

Shares of Rev Group stock traded down $0.25 on Monday, hitting $14.03. The stock had a trading volume of 166,575 shares, compared to its average volume of 326,156. The firm has a market cap of $899.15 million, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.29 and a beta of 2.96. The firm has a 50-day moving average of $12.54. Rev Group has a one year low of $6.41 and a one year high of $17.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 2.16.

Rev Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $615.00 million for the quarter, compared to analysts’ expectations of $626.34 million. Rev Group had a negative net margin of 0.53% and a positive return on equity of 9.19%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, equities analysts anticipate that Rev Group will post 1.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, July 30th will be paid a $0.05 dividend. The ex-dividend date is Monday, July 29th. This represents a $0.20 annualized dividend and a yield of 1.43%. Rev Group’s payout ratio is 19.42%.

Hedge funds have recently bought and sold shares of the business. Covington Capital Management bought a new position in shares of Rev Group during the 4th quarter worth $29,000. Bank of Montreal Can boosted its position in Rev Group by 211.1% during the first quarter. Bank of Montreal Can now owns 3,883 shares of the company’s stock valued at $43,000 after purchasing an additional 2,635 shares in the last quarter. Northern Oak Wealth Management Inc. boosted its position in Rev Group by 312.5% during the first quarter. Northern Oak Wealth Management Inc. now owns 4,125 shares of the company’s stock valued at $45,000 after purchasing an additional 3,125 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Rev Group by 238.6% during the first quarter. BNP Paribas Arbitrage SA now owns 6,727 shares of the company’s stock valued at $74,000 after purchasing an additional 4,740 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in Rev Group by 269.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,683 shares of the company’s stock valued at $80,000 after purchasing an additional 7,792 shares in 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.

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Analyst Recommendations for Rev Group (NYSE:REVG)

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