Zacks Investment Research Upgrades Rev Group (REVG) to “Hold”

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Zacks Investment Research upgraded shares of Rev Group (NYSE:REVG) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday.

According to Zacks, “REV Group, Inc. designs, manufactures and distributes specialty vehicles, and related aftermarket parts and services. Its operating segment includes Fire & Emergency, Commercial and Recreation. Fire & Emergency segment provides ambulances, fire apparatus, school buses, mobility vans and municipal transit buses. Commercial segment provides industrial and commercial services through terminal trucks, cut-away buses and street sweepers. Recreation segment provides consumer leisure through recreational vehicles and luxury buses. REV Group, Inc. is headquartered in Milwaukee, WI. “

A number of other analysts also recently issued reports on REVG. Morgan Stanley set a $17.00 target price on Rev Group and gave the company a hold rating in a research report on Friday, October 26th. Stifel Nicolaus lowered their target price on Rev Group from $20.00 to $18.00 and set a buy rating on the stock in a research report on Friday, September 7th. Credit Suisse Group lowered their target price on Rev Group from $20.00 to $16.00 and set an outperform rating on the stock in a research report on Friday, September 7th. MED assumed coverage on Rev Group in a research report on Wednesday, September 5th. They issued a hold rating and a $16.00 target price on the stock. Finally, Deutsche Bank reaffirmed a hold rating and issued a $16.00 target price on shares of Rev Group in a research report on Wednesday, September 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $22.67.

Shares of NYSE:REVG traded down $0.37 during midday trading on Wednesday, reaching $11.43. The company had a trading volume of 349,933 shares, compared to its average volume of 541,931. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 2.26. The company has a market cap of $755.81 million, a P/E ratio of 10.40, a P/E/G ratio of 1.32 and a beta of 2.42. Rev Group has a 1-year low of $10.19 and a 1-year high of $33.15.

Rev Group (NYSE:REVG) last released its earnings results on Wednesday, September 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). The company had revenue of $597.70 million during the quarter, compared to analyst estimates of $649.64 million. Rev Group had a net margin of 2.40% and a return on equity of 13.12%. Rev Group’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. As a group, equities analysts predict that Rev Group will post 1.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, October 30th. Rev Group’s payout ratio is currently 21.28%.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in Rev Group by 271.7% during the second quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock worth $204,000 after purchasing an additional 8,733 shares during the period. Victory Capital Management Inc. bought a new position in Rev Group during the third quarter worth about $267,000. The Manufacturers Life Insurance Company grew its holdings in Rev Group by 26.5% during the first quarter. The Manufacturers Life Insurance Company now owns 23,664 shares of the company’s stock worth $491,000 after purchasing an additional 4,954 shares during the period. Tower Research Capital LLC TRC grew its holdings in Rev Group by 161.0% during the second quarter. Tower Research Capital LLC TRC now owns 23,698 shares of the company’s stock worth $403,000 after purchasing an additional 14,617 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Rev Group by 71.2% during the second quarter. Dynamic Technology Lab Private Ltd now owns 25,162 shares of the company’s stock worth $428,000 after purchasing an additional 10,467 shares during the period.

About Rev Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipal fire departments, EMS providers, and private fleets through dealers.

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