StockNews.com Begins Coverage on REV Group (NYSE:REVG)

StockNews.com assumed coverage on shares of REV Group (NYSE:REVG – Get Rating) in a report issued on Thursday morning. The brokerage issued a strong-buy rating on the stock.

Several other brokerages have also weighed in on REVG. Robert W. Baird upgraded REV Group from a neutral rating to an outperform rating and set a $16.00 price objective for the company in a research report on Monday, March 6th. DA Davidson raised their price target on REV Group from $12.00 to $13.50 and gave the stock a neutral rating in a research report on Monday, March 13th. BMO Capital Markets raised their price target on REV Group from $13.00 to $14.00 and gave the stock a market perform rating in a research report on Friday, January 13th. Credit Suisse Group raised their price target on REV Group from $9.00 to $11.00 and gave the stock an underperform rating in a research report on Thursday, March 9th. Finally, Morgan Stanley raised their price target on REV Group to $13.00 in a research report on Wednesday, December 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, REV Group currently has a consensus rating of Hold and a consensus target price of $13.17.

REV Group Price Performance

NYSE:REVG opened at $11.45 on Thursday. REV Group has a one year low of $9.50 and a one year high of $16.38. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.52 and a current ratio of 1.80. The stock has a market cap of $680.82 million, a PE ratio of 286.32 and a beta of 1.96. The stock has a 50 day moving average price of $12.60 and a 200 day moving average price of $12.71.

REV Group (NYSE:REVG – Get Rating) last issued its quarterly earnings data on Wednesday, March 8th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $583.50 million during the quarter, compared to analyst estimates of $504.73 million. REV Group had a return on equity of 8.49% and a net margin of 0.10%. Equities research analysts expect that REV Group will post 0.8 EPS for the current fiscal year.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, March 30th. REV Group’s payout ratio is currently 500.13%.

Institutional Trading of REV Group

Several hedge funds have recently modified their holdings of REVG. Millennium Management LLC raised its stake in shares of REV Group by 4,975.0% in the fourth quarter. Millennium Management LLC now owns 519,936 shares of the company’s stock valued at $6,562,000 after acquiring an additional 509,691 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in REV Group by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,177,194 shares of the company’s stock valued at $29,176,000 after buying an additional 214,781 shares in the last quarter. State Street Corp raised its stake in REV Group by 32.8% in the first quarter. State Street Corp now owns 791,875 shares of the company’s stock valued at $10,645,000 after buying an additional 195,632 shares in the last quarter. Renaissance Technologies LLC raised its stake in REV Group by 563.6% in the first quarter. Renaissance Technologies LLC now owns 222,300 shares of the company’s stock valued at $2,979,000 after buying an additional 188,800 shares in the last quarter. Finally, BlackRock Inc. raised its stake in REV Group by 9.1% in the first quarter. BlackRock Inc. now owns 2,222,050 shares of the company’s stock valued at $29,776,000 after buying an additional 186,146 shares in the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

About REV Group

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REV Group, Inc is a holding company, which engages in the design, manufacture, and distribution of specialty vehicles and related aftermarket parts and services. The company sells its products to municipalities, government agencies, private contractors, and industrial and commercial end users. It operates through the following segments: Fire and Emergency, Commercial, and Recreation.