REV Group (NYSE:REVG) Stock Price Expected to Rise, DA Davidson Analyst Says

REV Group (NYSE:REVG) had its price objective upped by DA Davidson from $33.00 to $39.00 in a research report report published on Friday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Robert W. Baird raised their target price on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group upped their price objective on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday. Finally, StockNews.com downgraded shares of REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, REV Group presently has an average rating of “Hold” and a consensus target price of $33.75.

REV Group Price Performance

NYSE:REVG opened at $35.23 on Friday. REV Group has a one year low of $16.00 and a one year high of $35.96. The stock has a market cap of $1.84 billion, a PE ratio of 7.85 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 1.72. The stock has a 50 day moving average price of $29.44 and a 200 day moving average price of $27.98.

REV Group Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in REV Group by 68.3% during the third 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. Hennessy Advisors Inc. purchased a new stake in shares of REV Group in the 2nd quarter valued at $9,535,000. AYAL Capital Advisors Ltd acquired a new position in REV Group during the 2nd quarter worth about $6,558,000. Anthracite Investment Company Inc. purchased a new position in REV Group during the 3rd quarter valued at about $6,334,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in REV Group in the 3rd quarter valued at about $5,973,000.

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.