REV Group (NYSE:REVG) Stock Price Down 3.6%

REV Group, Inc. (NYSE:REVG - Get Free Report)'s share price traded down 3.6% during mid-day trading on Thursday . The stock traded as low as $25.88 and last traded at $25.88. 55,025 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 831,155 shares. The stock had previously closed at $26.86.

Analysts Set New Price Targets

Several analysts have weighed in on the company. DA Davidson reissued a "buy" rating and set a $33.00 price objective on shares of REV Group in a report on Thursday. StockNews.com raised shares of REV Group from a "hold" rating to a "buy" rating in a research note on Tuesday, August 27th. The Goldman Sachs Group raised their price objective on shares of REV Group from $22.00 to $25.00 and gave the company a "sell" rating in a research note on Thursday. Finally, Morgan Stanley began coverage on shares of REV Group in a research report on Tuesday, June 11th. They set an "equal weight" rating and a $29.50 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $24.10.

REV Group Stock Down 3.5 %

The firm has a market cap of $1.35 billion, a P/E ratio of 6.34 and a beta of 1.59. The firm's 50 day moving average is $27.50 and its two-hundred day moving average is $24.58. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58.

REV Group (NYSE:REVG - Get Free Report) last posted its earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $618.70 million. During the same period last year, the business posted $0.31 earnings per share. The business's revenue for the quarter was down 14.8% compared to the same quarter last year. As a group, research analysts anticipate that REV Group, Inc. will post 1.45 EPS for the current fiscal year.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.05 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.77%. REV Group's payout ratio is 4.89%.

Institutional Trading of REV Group

A number of large investors have recently bought and sold shares of the business. Amalgamated Bank boosted its holdings in shares of REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company's stock valued at $44,000 after buying an additional 716 shares during the period. New York State Teachers Retirement System bought a new position in REV Group during the 1st quarter worth about $63,000. CWM LLC raised its stake in shares of REV Group by 525.6% in the 2nd quarter. CWM LLC now owns 4,010 shares of the company's stock valued at $100,000 after purchasing an additional 3,369 shares during the period. Virtu Financial LLC acquired a new stake in shares of REV Group in the 4th quarter valued at about $187,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of REV Group by 257.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company's stock valued at $187,000 after purchasing an additional 5,420 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.