REV Group's (REVG) "Buy" Rating Reaffirmed at DA Davidson

REV Group (NYSE:REVG - Get Free Report)'s stock had its "buy" rating restated by equities researchers at DA Davidson in a research report issued on Thursday, Benzinga reports. They currently have a $33.00 price objective on the stock. DA Davidson's price objective suggests a potential upside of 27.27% from the company's previous close.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley began coverage on REV Group in a report on Tuesday, June 11th. They issued an "equal weight" rating and a $29.50 price objective for the company. StockNews.com raised REV Group from a "hold" rating to a "buy" rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $24.10.

REV Group Price Performance

NYSE REVG traded down $0.93 during midday trading on Thursday, hitting $25.93. The company had a trading volume of 1,224,636 shares, compared to its average volume of 837,995. The company has a market capitalization of $1.35 billion, a PE ratio of 6.34 and a beta of 1.59. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $27.50 and a 200-day moving average price of $24.58. REV Group has a twelve month low of $12.71 and a twelve month high of $31.85.

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

Hedge Funds Weigh In On REV Group

A number of institutional investors have recently modified their holdings of REVG. Amalgamated Bank grew its position in REV Group by 67.5% during the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company's stock worth $44,000 after acquiring an additional 716 shares during the last quarter. New York State Teachers Retirement System acquired a new position in REV Group during the 1st quarter worth approximately $63,000. CWM LLC raised its stake in REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company's stock worth $100,000 after buying an additional 3,369 shares during the period. Virtu Financial LLC acquired a new position in REV Group during the 4th quarter worth approximately $187,000. Finally, DekaBank Deutsche Girozentrale raised its stake 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 worth $187,000 after purchasing an additional 5,420 shares during 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.