REV Group (NYSE:REVG) Price Target Raised to $25.00

REV Group (NYSE:REVG - Get Free Report) had its price objective raised by The Goldman Sachs Group from $22.00 to $25.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "sell" rating on the stock. The Goldman Sachs Group's price target would suggest a potential downside of 3.55% from the stock's previous close.

REVG has been the subject of several other research reports. StockNews.com raised shares of REV Group from a "hold" rating to a "buy" rating in a research note on Tuesday, August 27th. DA Davidson reissued a "buy" rating and issued a $33.00 price objective on shares of REV Group in a research note on Thursday. Finally, Morgan Stanley initiated coverage on shares of REV Group in a research note on Tuesday, June 11th. They issued an "equal weight" rating and a $29.50 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $24.10.

REV Group Stock Performance

REVG traded down $0.94 on Thursday, reaching $25.92. The company had a trading volume of 1,224,635 shares, compared to its average volume of 837,995. The company's fifty day moving average is $27.48 and its 200 day moving average is $24.57. REV Group has a fifty-two week low of $12.71 and a fifty-two week high of $31.85. The stock has a market cap of $1.35 billion, a P/E ratio of 6.28 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.53 and a current ratio of 1.75.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. REV Group had a net margin of 9.41% and a return on equity of 16.85%. The company had revenue of $579.40 million during the quarter, compared to the consensus estimate of $618.70 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The firm's quarterly revenue was down 14.8% on a year-over-year basis. As a group, analysts predict that REV Group will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On REV Group

Several large investors have recently modified their holdings of REVG. Vanguard Group Inc. grew its holdings in shares of REV Group by 56.3% during 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. Dimensional Fund Advisors LP increased its stake in shares of REV Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company's stock worth $53,846,000 after purchasing an additional 39,484 shares in the last quarter. Kennedy Capital Management LLC increased its stake in shares of REV Group by 161.8% in the first quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company's stock worth $20,940,000 after purchasing an additional 585,841 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of REV Group by 22.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 769,660 shares of the company's stock worth $13,985,000 after purchasing an additional 140,674 shares in the last quarter. Finally, Nicholas Investment Partners LP increased its stake in shares of REV Group by 4.8% in the second quarter. Nicholas Investment Partners LP now owns 755,001 shares of the company's stock worth $18,792,000 after purchasing an additional 34,555 shares in the last quarter.

REV Group Company Profile

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.