Rev Group (NYSE:REVG)‘s stock had its “outperform” rating restated by Credit Suisse Group in a research report issued to clients and investors on Friday. They currently have a $32.00 target price on the stock, down from their previous target price of $36.00. Credit Suisse Group’s target price would indicate a potential upside of 37.58% from the stock’s previous close.
REVG has been the subject of several other research reports. Morgan Stanley started coverage on Rev Group in a research report on Friday, March 2nd. They issued an “equal weight” rating and a $32.00 target price for the company. Stifel Nicolaus increased their target price on Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered Rev Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Robert W. Baird set a $30.00 target price on Rev Group and gave the stock a “buy” rating in a research report on Thursday. Finally, SunTrust Banks started coverage on Rev Group in a research report on Friday, November 17th. They issued a “buy” rating and a $33.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $31.75.
Rev Group (NYSE:REVG) opened at $23.26 on Friday. The company has a market capitalization of $1,460.00 and a P/E ratio of 34.72. The company has a current ratio of 2.19, a quick ratio of 0.67 and a debt-to-equity ratio of 0.64. Rev Group has a 52-week low of $22.90 and a 52-week high of $33.15.
Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. bought a new position in shares of Rev Group in the 3rd quarter worth approximately $128,000. Virtu Financial LLC bought a new position in Rev Group during the 4th quarter valued at approximately $209,000. Private Advisor Group LLC bought a new position in Rev Group during the 3rd quarter valued at approximately $224,000. Bluestein R H & Co. bought a new position in Rev Group during the 3rd quarter valued at approximately $230,000. Finally, Gotham Asset Management LLC bought a new position in Rev Group during the 4th quarter valued at approximately $318,000. 95.40% of the stock is owned by hedge funds and other institutional investors.
About Rev Group
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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