Equities researchers at StockNews.com began coverage on shares of REV Group (NYSE:REVG – Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a “strong-buy” rating on the stock.
Several other equities research analysts also recently issued reports on REVG. The Goldman Sachs Group increased their price objective on shares of REV Group from $13.00 to $14.00 in a research report on Wednesday, September 13th. Credit Suisse Group raised their target price on shares of REV Group from $12.00 to $13.00 in a research note on Wednesday, September 13th. Robert W. Baird raised their target price on shares of REV Group from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 13th. DA Davidson upgraded shares of REV Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $20.00 in a research note on Wednesday, September 27th. Finally, TheStreet upgraded shares of REV Group from a “c” rating to a “b” rating in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.83.
Get Our Latest Stock Report on REV Group
REV Group Stock Performance
REV Group (NYSE:REVG – Get Free Report) last announced its quarterly earnings data on Wednesday, September 13th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. REV Group had a net margin of 0.95% and a return on equity of 12.00%. The business had revenue of $680.00 million for the quarter, compared to analyst estimates of $627.17 million. During the same period in the prior year, the business posted $0.21 earnings per share. REV Group’s revenue was up 14.3% compared to the same quarter last year. As a group, research analysts forecast that REV Group will post 0.93 earnings per share for the current fiscal year.
Hedge Funds Weigh In On REV Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Chip Partners LLC lifted its holdings in shares of REV Group by 80.4% in the first quarter. Blue Chip Partners LLC now owns 52,410 shares of the company’s stock worth $628,000 after buying an additional 23,364 shares in the last quarter. Phocas Financial Corp. lifted its holdings in shares of REV Group by 1.0% in the first quarter. Phocas Financial Corp. now owns 325,731 shares of the company’s stock worth $3,906,000 after buying an additional 3,292 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of REV Group by 22.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,892 shares of the company’s stock worth $118,000 after buying an additional 1,659 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of REV Group in the second quarter worth about $1,108,000. Finally, EA Series Trust purchased a new stake in shares of REV Group in the second quarter worth about $1,660,000. Institutional investors own 94.92% of the company’s stock.
About REV Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Europe, 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, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands.
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