REV Group (NYSE:REVG) Downgraded to "Underweight" Rating by Morgan Stanley

REV Group (NYSE:REVG - Get Free Report) was downgraded by stock analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $33.00 price objective on the stock. Morgan Stanley's price target indicates a potential upside of 10.92% from the stock's previous close.

REV Group Price Performance

Shares of NYSE:REVG traded down $0.19 during mid-day trading on Wednesday, reaching $29.75. The stock had a trading volume of 1,132,301 shares, compared to its average volume of 706,361. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. REV Group has a 1 year low of $20.51 and a 1 year high of $36.00. The business's 50 day moving average price is $31.10 and its 200 day moving average price is $31.09. The company has a market cap of $1.54 billion, a P/E ratio of 6.63 and a beta of 1.22.

Institutional Trading of REV Group

A number of large investors have recently made changes to their positions in the business. New Age Alpha Advisors LLC bought a new stake in shares of REV Group in the 4th quarter worth about $40,000. McIlrath & Eck LLC raised its stake in REV Group by 31.5% in the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after acquiring an additional 344 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in REV Group during the 4th quarter worth about $202,000. Cerity Partners LLC acquired a new position in shares of REV Group in the fourth quarter valued at about $205,000. Finally, Bridgefront Capital LLC purchased a new position in shares of REV Group in the fourth quarter worth about $216,000.

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.