Rev Group Inc (NYSE:REVG) has earned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $31.00.
REVG has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. SunTrust Banks raised their price target on shares of Rev Group to $39.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Robert W. Baird set a $30.00 price target on shares of Rev Group and gave the stock a “buy” rating in a report on Thursday, March 8th. TheStreet cut shares of Rev Group from a “c-” rating to a “d+” rating in a report on Tuesday. Finally, Morgan Stanley initiated coverage on shares of Rev Group in a report on Friday, March 2nd. They issued an “equal weight” rating and a $32.00 price target for the company.
In other Rev Group news, CEO Timothy W. Sullivan bought 100,000 shares of Rev Group stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average price of $22.53 per share, with a total value of $2,253,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 108,620 shares in the company, valued at approximately $2,447,208.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.
Shares of REVG opened at $20.16 on Wednesday. The company has a market capitalization of $1,331.50, a price-to-earnings ratio of 21.45, a PEG ratio of 0.81 and a beta of 1.71. Rev Group has a twelve month low of $19.66 and a twelve month high of $33.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.19 and a quick ratio of 0.75.
Rev Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The business had revenue of $514.90 million during the quarter, compared to analysts’ expectations of $513.04 million. Rev Group had a net margin of 2.31% and a return on equity of 13.93%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. equities analysts predict that Rev Group will post 1.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, April 30th will be issued a $0.05 dividend. The ex-dividend date is Friday, April 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.99%. Rev Group’s dividend payout ratio is currently 63.83%.
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Rev Group Company Profile
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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