Robert W. Baird set a $30.00 price target on Rev Group (NYSE:REVG) in a research note released on Thursday. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus set a $36.00 price target on Rev Group and gave the company a buy rating in a research report on Friday, February 9th. SunTrust Banks lifted their price target on Rev Group to $39.00 and gave the company a buy rating in a research report on Wednesday, January 17th. Morgan Stanley started coverage on Rev Group in a research report on Friday, March 2nd. They set an equal weight rating and a $32.00 price target on the stock. Zacks Investment Research cut Rev Group from a strong-buy rating to a hold rating in a research report on Thursday, December 28th. Finally, Wells Fargo & Co cut Rev Group from an outperform rating to a market perform rating and set a $26.00 price target on the stock. in a research report on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Rev Group has an average rating of Buy and an average price target of $31.75.

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Rev Group (REVG) opened at $23.26 on Thursday. Rev Group has a 1 year low of $22.90 and a 1 year high of $33.15. The stock has a market capitalization of $1,490.00 and a price-to-earnings ratio of 34.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.67 and a current ratio of 2.19.

Rev Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. Rev Group had a return on equity of 13.93% and a net margin of 2.31%. The company had revenue of $514.90 million for the quarter, compared to analysts’ expectations of $513.04 million. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. sell-side analysts predict that Rev Group will post 1.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Monday, April 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, April 27th. Rev Group’s dividend payout ratio is presently 89.55%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aip LLC bought a new stake in shares of Rev Group during the 4th quarter worth $1,098,678,000. BlackRock Inc. boosted its stake in shares of Rev Group by 69.5% during the 4th quarter. BlackRock Inc. now owns 1,525,024 shares of the company’s stock worth $49,609,000 after acquiring an additional 625,448 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of Rev Group by 19.0% during the 4th quarter. Bamco Inc. NY now owns 1,250,000 shares of the company’s stock worth $40,662,000 after acquiring an additional 200,000 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Rev Group by 74.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,242,955 shares of the company’s stock worth $40,434,000 after acquiring an additional 530,403 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Rev Group by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,204,841 shares of the company’s stock worth $33,350,000 after acquiring an additional 60,773 shares in the last quarter. 95.40% 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).

Analyst Recommendations for Rev Group (NYSE:REVG)

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