REV Group (NYSE:REVG) Price Target Raised to $38.00 at Robert W. Baird

REV Group (NYSE:REVG) had its price target increased by equities researchers at Robert W. Baird from $32.00 to $38.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 7.88% from the company’s previous close.

REVG has been the topic of a number of other reports. The Goldman Sachs Group raised their target price on REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a report on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price objective on shares of REV Group in a research note on Thursday, September 5th. Finally, StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.75.

REV Group Stock Up 3.6 %

Shares of REVG stock opened at $35.23 on Thursday. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. REV Group has a 12 month low of $16.00 and a 12 month high of $35.96. The stock has a market cap of $1.83 billion, a P/E ratio of 7.85 and a beta of 1.61. The company has a 50 day simple moving average of $29.44 and a two-hundred day simple moving average of $27.95.

Hedge Funds Weigh In On REV Group

A number of hedge funds have recently made changes to their positions in REVG. FMR LLC lifted its holdings in REV Group by 68.3% in the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after purchasing an additional 2,504,568 shares in the last quarter. Anthracite Investment Company Inc. bought a new stake in shares of REV Group during the third quarter valued at approximately $6,334,000. Principal Financial Group Inc. raised its position in shares of REV Group by 151.4% during the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after buying an additional 30,262 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of REV Group by 25.9% in the second quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock worth $2,381,000 after buying an additional 19,674 shares in the last quarter. Finally, Natixis Advisors LLC bought a new position in shares of REV Group during the second quarter worth $753,000.

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.