Rev Group Inc (NYSE:REVG) has received an average rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.72.
Several analysts recently issued reports on REVG shares. Zacks Investment Research cut shares of Rev Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Deutsche Bank set a $9.00 price target on shares of Rev Group and gave the company a “hold” rating in a report on Friday, March 8th. BMO Capital Markets cut their price target on shares of Rev Group to $12.50 and set an “outperform” rating on the stock in a report on Monday, March 18th. They noted that the move was a valuation call. ValuEngine upgraded shares of Rev Group from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Robert W. Baird set a $13.00 target price on shares of Rev Group and gave the company a “buy” rating in a research note on Friday, June 7th.
Hedge funds have recently added to or reduced their stakes in the business. Covington Capital Management bought a new stake in Rev Group during the fourth quarter valued at $29,000. IndexIQ Advisors LLC increased its stake in Rev Group by 45.9% during the first quarter. IndexIQ Advisors LLC now owns 147,721 shares of the company’s stock valued at $1,618,000 after purchasing an additional 46,486 shares during the last quarter. Millennium Management LLC bought a new stake in Rev Group during the fourth quarter valued at $1,647,000. Metropolitan Life Insurance Co. NY increased its stake in Rev Group by 269.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,683 shares of the company’s stock valued at $80,000 after purchasing an additional 7,792 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Rev Group by 43.1% during the fourth quarter. Rhumbline Advisers now owns 42,129 shares of the company’s stock valued at $316,000 after purchasing an additional 12,687 shares during the last quarter.
Rev Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $615.00 million for the quarter, compared to analysts’ expectations of $626.34 million. Rev Group had a negative net margin of 0.53% and a positive return on equity of 9.19%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Sell-side analysts predict that Rev Group will post 1.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, July 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, July 29th. This represents a $0.20 annualized dividend and a yield of 1.39%. Rev Group’s payout ratio is 19.42%.
About Rev Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
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