Stifel Nicolaus Analysts Give Rev Group (REVG) a $36.00 Price Target
A number of other equities research analysts have also recently issued reports on REVG. SunTrust Banks boosted their target price on shares of Rev Group to $39.00 and gave the company a buy rating in a research report on Wednesday, January 17th. Zacks Investment Research cut shares of Rev Group from a buy rating to a hold rating in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $33.70.
Shares of Rev Group (REVG) opened at $26.82 on Friday. The stock has a market cap of $1,720.00 and a PE ratio of 57.06. Rev Group has a 52-week low of $23.38 and a 52-week high of $33.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.77 and a quick ratio of 0.67.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, January 26th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $0.60 annualized dividend and a yield of 2.24%. Rev Group’s dividend payout ratio is 127.66%.
A number of institutional investors and hedge funds have recently bought and sold shares of REVG. Aip LLC bought a new stake in Rev Group during the fourth quarter worth about $1,098,678,000. Mesirow Financial Investment Management Equity Management bought a new stake in Rev Group during the fourth quarter worth about $21,347,000. BlackRock Inc. lifted its position in Rev Group by 69.5% during the fourth quarter. BlackRock Inc. now owns 1,525,024 shares of the company’s stock worth $49,609,000 after purchasing an additional 625,448 shares during the period. Emerald Advisers Inc. PA bought a new stake in Rev Group during the fourth quarter worth about $20,214,000. Finally, Wells Fargo & Company MN lifted its position in Rev Group by 74.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,242,955 shares of the company’s stock worth $40,434,000 after purchasing an additional 530,403 shares during the period. 80.45% of the stock is owned by institutional investors and hedge funds.
Rev Group Company Profile
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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