Stifel Nicolaus Boosts Rev Group (REVG) Price Target to $36.00
Rev Group (NYSE:REVG) had its target price raised by equities research analysts at Stifel Nicolaus from $33.00 to $36.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 17.80% from the stock’s current price.
Several other equities analysts also recently commented on REVG. Zacks Investment Research downgraded Rev Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. SunTrust Banks initiated coverage on Rev Group in a research report on Friday, November 17th. They issued a “buy” rating and a $33.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.40.
Rev Group (NYSE REVG) opened at $30.56 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.04 and a quick ratio of 0.76. The company has a market capitalization of $1,886.53 and a PE ratio of 34.60. Rev Group has a 1 year low of $23.38 and a 1 year high of $31.60.
In other news, Director Joel M. Rotroff sold 985 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $26.09, for a total value of $25,698.65. Following the completion of the sale, the director now owns 3,205 shares of the company’s stock, valued at $83,618.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kim A. Marvin sold 40,263 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $26.09, for a total value of $1,050,461.67. Following the completion of the sale, the director now directly owns 150,671 shares of the company’s stock, valued at approximately $3,931,006.39. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. acquired a new stake in Rev Group during the third quarter worth approximately $128,000. Private Advisor Group LLC acquired a new stake in Rev Group during the third quarter worth approximately $224,000. Bluestein R H & Co. acquired a new stake in Rev Group during the third quarter worth approximately $230,000. Virtu KCG Holdings LLC acquired a new stake in Rev Group during the second quarter worth approximately $249,000. Finally, Susquehanna International Group LLP acquired a new stake in Rev Group during the second quarter worth approximately $268,000. 24.98% of the stock is owned by institutional investors and hedge funds.
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About Rev Group
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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