REV Group (NYSE:REVG) Shares Gap Down to $30.21

REV Group, Inc. (NYSE:REVG - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $30.21, but opened at $22.80. REV Group shares last traded at $26.44, with a volume of 1,105,020 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on REVG. StockNews.com upgraded shares of REV Group from a "hold" rating to a "buy" rating in a report on Tuesday, August 27th. Morgan Stanley assumed coverage on shares of REV Group in a research note on Tuesday, June 11th. They set an "equal weight" rating and a $29.50 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.50.

REV Group Stock Down 11.1 %

The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.39 billion, a PE ratio of 6.36 and a beta of 1.59. The business's 50-day moving average price is $27.44 and its 200-day moving average price is $24.55.

REV Group (NYSE:REVG - Get Free Report) last released its earnings results on Wednesday, June 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.10. The company had revenue of $616.90 million during the quarter, compared to the consensus estimate of $603.17 million. REV Group had a net margin of 9.41% and a return on equity of 16.85%. As a group, equities research analysts predict that REV Group, Inc. will post 1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of REV Group by 56.3% during the 1st 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 lifted its stake 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 acquiring an additional 585,841 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in REV Group in the second quarter worth approximately $9,535,000. Hood River Capital Management LLC bought a new stake in REV Group in the first quarter worth approximately $8,240,000. Finally, Bessemer Group Inc. acquired a new position in shares of REV Group during the 1st quarter worth $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.