REV Group (NYSE:REVG) Earns Buy Rating from DA Davidson

DA Davidson reissued their buy rating on shares of REV Group (NYSE:REVG) in a research note published on Thursday, Benzinga reports. DA Davidson currently has a $33.00 target price on the stock.

A number of other analysts also recently commented on REVG. StockNews.com raised shares of REV Group from a hold rating to a buy rating in a report on Tuesday, August 27th. Morgan Stanley started coverage on REV Group in a research note on Tuesday, June 11th. They set an equal weight rating and a $29.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, REV Group currently has an average rating of Hold and an average price target of $24.10.

REV Group Stock Performance

NYSE REVG opened at $24.94 on Thursday. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $27.50 and its two-hundred day moving average is $24.69. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.10 and a beta of 1.59. REV Group has a 12-month low of $12.71 and a 12-month high of $31.85.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $579.40 million during the quarter, compared to analysts’ expectations of $618.70 million. REV Group had a return on equity of 18.05% and a net margin of 9.92%. REV Group’s revenue was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. Research analysts expect that REV Group will post 1.45 EPS for the current year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, September 27th. REV Group’s dividend payout ratio (DPR) is presently 4.89%.

Hedge Funds Weigh In On REV Group

Several hedge funds have recently bought and sold shares of REVG. Vanguard Group Inc. raised its position in shares of REV Group by 56.3% in the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock valued at $104,134,000 after buying an additional 1,698,502 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in REV Group by 161.8% in the first quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock valued at $20,940,000 after purchasing an additional 585,841 shares during the period. Hennessy Advisors Inc. purchased a new position in REV Group during the second quarter worth approximately $9,535,000. Hood River Capital Management LLC acquired a new position in shares of REV Group in the 1st quarter valued at $8,240,000. Finally, Bessemer Group Inc. purchased a new stake in shares of REV Group during the 1st quarter valued at $6,293,000.

About REV Group

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.