StockNews.com lowered shares of REV Group (NYSE:REVG – Free Report) from a strong-buy rating to a buy rating in a report published on Thursday.
Separately, The Goldman Sachs Group increased their price target on REV Group from $18.00 to $20.00 and gave the company a sell rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $17.60.
Check Out Our Latest Stock Analysis on REVG
REV Group Price Performance
REV Group (NYSE:REVG – Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.10. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $579.42 million. During the same quarter in the prior year, the business earned $0.04 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts expect that REV Group will post 1.35 earnings per share for the current year.
REV Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, March 27th. REV Group’s payout ratio is currently 4.94%.
Institutional Investors Weigh In On REV Group
Institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of REV Group in the fourth quarter valued at approximately $39,000. New York State Teachers Retirement System bought a new stake in shares of REV Group in the first quarter valued at approximately $63,000. National Bank of Canada FI boosted its stake in shares of REV Group by 236.8% in the third quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock valued at $55,000 after buying an additional 2,368 shares during the period. AJOVista LLC bought a new stake in shares of REV Group in the fourth quarter valued at approximately $68,000. Finally, SG Americas Securities LLC bought a new stake in shares of REV Group in the third quarter valued at approximately $117,000.
About REV Group
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.
See Also
- Five stocks we like better than REV Group
- Why Invest in High-Yield Dividend Stocks?
- How to Use Put Debit Spreads to Profit From Falling Stocks
- How to Invest in the Best Canadian StocksĀ
- Alphabet Changes the Narrative with Its First-Ever Dividend
- P/E Ratio Calculation: How to Assess Stocks
- 5 High-Yielding Oversold Stocks with Bullish Ratings
Receive News & Ratings for REV Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REV Group and related companies with MarketBeat.com's FREE daily email newsletter.