REV Group (NYSE:REVG) Upgraded by StockNews.com to "Buy"

REV Group (NYSE:REVG - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Tuesday.

Separately, 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 for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $20.50.

REV Group Stock Down 1.5 %

REVG stock traded down $0.46 during mid-day trading on Tuesday, reaching $30.13. The company had a trading volume of 345,461 shares, compared to its average volume of 822,213. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 7.37 and a beta of 1.61. REV Group has a 52 week low of $12.71 and a 52 week high of $31.17. The stock has a 50 day simple moving average of $26.93 and a two-hundred day simple moving average of $24.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 0.53.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.10. The firm had revenue of $616.90 million during the quarter, compared to analysts' expectations 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 analysts predict that REV Group will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On REV Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank lifted 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 worth $44,000 after acquiring an additional 716 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in REV Group by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company's stock valued at $269,000 after purchasing an additional 1,067 shares during the last quarter. Arizona State Retirement System lifted its stake in REV Group by 21.9% in the 2nd quarter. Arizona State Retirement System now owns 13,800 shares of the company's stock valued at $343,000 after purchasing an additional 2,476 shares during the last quarter. LSV Asset Management boosted its position in REV Group by 1.8% in the second quarter. LSV Asset Management now owns 142,889 shares of the company's stock valued at $3,557,000 after buying an additional 2,500 shares in the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in shares of REV Group by 17.3% during the second quarter. Johnson Investment Counsel Inc. now owns 17,276 shares of the company's stock worth $430,000 after buying an additional 2,551 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.