REV Group (NYSE:REVG) Price Target Raised to $28.50

REV Group (NYSE:REVG) had its price objective raised by The Goldman Sachs Group from $25.00 to $28.50 in a research note published on Thursday morning,Benzinga reports. The firm currently has a sell rating on the stock.

Other research analysts have also issued reports about the company. DA Davidson reaffirmed a “buy” rating and issued a $33.00 target price on shares of REV Group in a research report on Thursday, September 5th. StockNews.com lowered REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, Robert W. Baird lifted their price objective on REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, REV Group has an average rating of “Hold” and a consensus target price of $33.75.

REV Group Stock Performance

Shares of REVG stock opened at $35.23 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 7.85 and a beta of 1.61. REV Group has a one year low of $16.00 and a one year high of $35.96. The company has a 50 day moving average price of $29.44 and a 200 day moving average price of $27.97.

REV Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, December 26th. This is a boost from REV Group’s previous quarterly dividend of $0.05. REV Group’s payout ratio is currently 4.45%.

Institutional Investors Weigh In On REV Group

A number of large investors have recently modified their holdings of the stock. FMR LLC boosted 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 acquiring an additional 2,504,568 shares during the period. Anthracite Investment Company Inc. purchased a new position in shares of REV Group in the third quarter valued at $6,334,000. Principal Financial Group Inc. grew its holdings in REV Group by 151.4% during the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after purchasing an additional 30,262 shares in the last quarter. American Century Companies Inc. increased its stake in REV Group by 25.9% during the 2nd 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in REV Group by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock worth $336,000 after buying an additional 1,171 shares in the last quarter.

REV Group Company Profile

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.