REV Group, Inc. (NYSE:REVG) Given Average Recommendation of “Hold” by Brokerages

Shares of REV Group, Inc. (NYSE:REVG) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $49.25.

REVG has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 target price (down from $64.00) on shares of REV Group in a research report on Monday, December 1st. Finally, Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th.

REV Group Stock Performance

NYSE:REVG opened at $63.90 on Monday. REV Group has a 12 month low of $26.51 and a 12 month high of $69.92. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. The firm has a fifty day simple moving average of $64.46 and a two-hundred day simple moving average of $60.21.

Hedge Funds Weigh In On REV Group

A number of institutional investors have recently modified their holdings of the company. Magnetar Financial LLC acquired a new stake in REV Group in the 4th quarter valued at $97,784,000. Arrowstreet Capital Limited Partnership raised its holdings in REV Group by 473.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,203,063 shares of the company’s stock worth $68,178,000 after buying an additional 993,153 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock worth $46,191,000 after buying an additional 749,113 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of REV Group by 95.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,415,966 shares of the company’s stock valued at $86,105,000 after buying an additional 691,091 shares in the last quarter. Finally, AQR Arbitrage LLC acquired a new position in shares of REV Group during the fourth quarter valued at about $41,366,000.

About REV Group

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.