REV Group (NYSE:REVG) Stock Price Expected to Rise, DA Davidson Analyst Says

REV Group (NYSE:REVG - Get Free Report) had its price target increased by equities research analysts at DA Davidson from $33.00 to $39.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. DA Davidson's price objective would suggest a potential upside of 10.70% from the stock's current price.

A number of other brokerages also recently weighed in on REVG. Robert W. Baird raised their target price on shares of REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday. The Goldman Sachs Group lifted their price objective on shares of REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a report on Thursday. Finally, StockNews.com cut REV Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $33.75.

REV Group Price Performance

NYSE:REVG traded up $1.24 during mid-day trading on Friday, hitting $35.23. 790,876 shares of the stock traded hands, compared to its average volume of 766,239. REV Group has a 12-month low of $16.00 and a 12-month high of $35.96. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.83 billion, a PE ratio of 7.85 and a beta of 1.61. The business's 50-day moving average price is $29.44 and its 200 day moving average price is $27.97.

Hedge Funds Weigh In On REV Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC boosted its holdings in REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company's stock valued at $100,000 after acquiring an additional 3,369 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of REV Group by 45.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,692 shares of the company's stock valued at $440,000 after purchasing an additional 5,528 shares during the period. Hennessy Advisors Inc. bought a new position in shares of REV Group in the second quarter worth approximately $9,535,000. Bank of New York Mellon Corp increased its stake in shares of REV Group by 19.4% in the second quarter. Bank of New York Mellon Corp now owns 364,336 shares of the company's stock worth $9,068,000 after buying an additional 59,306 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in REV Group by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company's stock valued at $269,000 after buying an additional 1,067 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.