Rev Group (NYSE:REVG) was downgraded by research analysts at Wells Fargo & Co from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Tuesday, The Fly reports.
A number of other equities research analysts also recently weighed in on REVG. Morgan Stanley downgraded Rev Group from an “equal” rating to an “underweight” rating and set a $11.00 target price for the company. in a research report on Monday, December 16th. Deutsche Bank upped their price target on Rev Group from $9.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Zacks Investment Research cut Rev Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. ValuEngine lowered Rev Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets cut Rev Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $12.00 to $11.00 in a report on Friday, September 27th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Rev Group has a consensus rating of “Hold” and an average price target of $11.63.
Shares of Rev Group stock opened at $10.73 on Tuesday. The firm has a market cap of $674.92 million, a P/E ratio of 26.83, a P/E/G ratio of 1.83 and a beta of 2.91. The firm has a 50 day simple moving average of $12.47 and a 200 day simple moving average of $12.52. Rev Group has a fifty-two week low of $7.76 and a fifty-two week high of $14.99.
Rev Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.08). Rev Group had a positive return on equity of 4.61% and a negative net margin of 0.52%. The company had revenue of $652.60 million during the quarter, compared to the consensus estimate of $631.23 million. During the same quarter last year, the firm earned $0.28 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts anticipate that Rev Group will post 0.56 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of Rev Group by 5,156.1% in the 3rd quarter. Millennium Management LLC now owns 593,941 shares of the company’s stock valued at $6,788,000 after purchasing an additional 582,641 shares during the period. Squarepoint Ops LLC bought a new stake in Rev Group during the 3rd quarter worth approximately $238,000. Public Employees Retirement System of Ohio bought a new stake in Rev Group during the 3rd quarter worth approximately $402,000. State Street Corp raised its holdings in Rev Group by 1.7% during the 3rd quarter. State Street Corp now owns 748,879 shares of the company’s stock worth $8,560,000 after buying an additional 12,456 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in Rev Group during the 3rd quarter worth approximately $84,000.
About Rev Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
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