REV Group (NYSE:REVG) Price Target Raised to $38.00 at Robert W. Baird

REV Group (NYSE:REVG - Get Free Report) had its price objective boosted by investment analysts at Robert W. Baird from $32.00 to $38.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's price target suggests a potential upside of 11.80% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of REV Group from a "buy" rating to a "hold" rating in a report on Thursday, September 5th. DA Davidson restated a "buy" rating and issued a $33.00 price target on shares of REV Group in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group lifted their price objective on REV Group from $22.00 to $25.00 and gave the company a "sell" rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $32.25.

REV Group Stock Up 0.9 %

Shares of NYSE:REVG traded up $0.30 during midday trading on Thursday, reaching $33.99. The company's stock had a trading volume of 1,343,285 shares, compared to its average volume of 766,134. 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 firm has a 50 day moving average of $29.16 and a 200-day moving average of $27.85. The firm has a market capitalization of $1.77 billion, a P/E ratio of 8.21 and a beta of 1.61. REV Group has a 12-month low of $16.00 and a 12-month high of $35.96.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of REVG. CWM LLC boosted its position in shares of REV Group by 525.6% during the second quarter. CWM LLC now owns 4,010 shares of the company's stock valued at $100,000 after buying an additional 3,369 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of REV Group by 45.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 17,692 shares of the company's stock valued at $440,000 after acquiring an additional 5,528 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of REV Group in the second quarter worth approximately $9,535,000. Bank of New York Mellon Corp grew 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 acquiring an additional 59,306 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of REV Group by 11.0% during the second 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.

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.