StockNews.com Downgrades REV Group (NYSE:REVG) to Buy

REV Group (NYSE:REVG) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Separately, The Goldman Sachs Group lifted their price objective on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, REV Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

REV Group Stock Performance

Shares of NYSE:REVG traded down $0.16 during trading on Thursday, hitting $21.75. 464,317 shares of the stock were exchanged, compared to its average volume of 871,933. REV Group has a 1-year low of $9.85 and a 1-year high of $23.85. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 5.37 and a beta of 1.70. The company’s fifty day simple moving average is $20.53 and its 200-day simple moving average is $18.05.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.15 by $0.10. The business had revenue of $586.00 million during the quarter, compared to the consensus estimate of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. REV Group’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. On average, research analysts forecast that REV Group will post 1.35 earnings per share for the current fiscal year.

Institutional Trading of REV Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale bought a new stake in REV Group during the fourth quarter worth about $39,000. National Bank of Canada FI raised its holdings in REV Group by 236.8% during the third quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock worth $55,000 after acquiring an additional 2,368 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in REV Group by 6.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,121 shares of the company’s stock worth $754,000 after acquiring an additional 2,947 shares in the last quarter. AJOVista LLC bought a new stake in REV Group during the fourth quarter worth about $68,000. Finally, Bank of New York Mellon Corp raised its stake in REV Group by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 324,516 shares of the company’s stock valued at $5,192,000 after buying an additional 3,820 shares during the period.

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.