REV Group (NYSE:REVG) Shares Gap Up to $24.79

REV Group, Inc. (NYSE:REVG) gapped up before the market opened on Wednesday . The stock had previously closed at $24.79, but opened at $25.72. REV Group shares last traded at $26.18, with a volume of 165,921 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently commented on REVG shares. StockNews.com cut shares of REV Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group increased their price target on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

REV Group Stock Performance

The firm’s 50-day moving average is $23.85 and its 200 day moving average is $20.09. The firm has a market capitalization of $1.38 billion, a P/E ratio of 6.45 and a beta of 1.69.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share 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 company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $579.42 million. During the same period in the prior year, the firm earned $0.04 earnings per share. REV Group’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts expect that REV Group, Inc. will post 1.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in REV Group by 56.3% in the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock valued at $104,134,000 after buying an additional 1,698,502 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in REV Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company’s stock worth $53,846,000 after acquiring an additional 39,484 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in REV Group by 161.8% during the first quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock worth $20,940,000 after acquiring an additional 585,841 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in REV Group by 22.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 769,660 shares of the company’s stock valued at $13,985,000 after purchasing an additional 140,674 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in REV Group by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock valued at $8,906,000 after purchasing an additional 68,047 shares in the last quarter.

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.