REV Group (NYSE:REVG) Upgraded to Strong-Buy at Zacks Research

REV Group (NYSE:REVG) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Robert W. Baird reissued a “neutral” rating and issued a $55.00 price objective (down previously from $64.00) on shares of REV Group in a research report on Monday, December 1st. Morgan Stanley set a $55.00 price objective on shares of REV Group in a research report on Tuesday, November 4th. Baird R W cut REV Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, DA Davidson cut shares of REV Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $68.00 to $57.00 in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, REV Group has an average rating of “Hold” and an average target price of $49.25.

REV Group Trading Up 0.7%

Shares of NYSE:REVG opened at $68.74 on Monday. REV Group has a fifty-two week low of $26.51 and a fifty-two week high of $69.50. The company has a market cap of $3.36 billion, a PE ratio of 35.70 and a beta of 1.14. The company’s 50-day moving average price is $57.64 and its 200 day moving average price is $55.24. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The firm had revenue of $664.40 million during the quarter, compared to analyst estimates of $646.77 million. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Sell-side analysts anticipate that REV Group will post 2.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of REVG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of REV Group by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,726 shares of the company’s stock worth $971,000 after purchasing an additional 1,520 shares in the last quarter. Rhumbline Advisers boosted its position in shares of REV Group by 5.7% during the first quarter. Rhumbline Advisers now owns 75,180 shares of the company’s stock valued at $2,376,000 after buying an additional 4,050 shares during the period. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in REV Group in the second quarter worth $193,000. Pallas Capital Advisors LLC bought a new position in REV Group in the 2nd quarter worth about $273,000. Finally, Longboard Asset Management LP purchased a new position in REV Group during the 2nd quarter valued at about $221,000.

About REV Group

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.