DA Davidson Issues Positive Forecast for REV Group (NYSE:REVG) Stock Price

REV Group (NYSE:REVG) had its price objective raised by DA Davidson from $33.00 to $39.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

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

REV Group Price Performance

REV Group stock opened at $35.23 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $1.83 billion, a P/E ratio of 7.85 and a beta of 1.61. The firm has a fifty day moving average of $29.44 and a 200-day moving average of $27.95. REV Group has a 52-week low of $16.00 and a 52-week high of $35.96.

REV Group Increases Dividend

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

Institutional Trading of REV Group

Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of REV Group by 68.3% during the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company’s stock valued at $173,227,000 after buying an additional 2,504,568 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of REV Group during the second quarter valued at approximately $9,535,000. AYAL Capital Advisors Ltd acquired a new stake in shares of REV Group during the 2nd quarter worth approximately $6,558,000. Anthracite Investment Company Inc. bought a new stake in shares of REV Group in the 3rd quarter worth approximately $6,334,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of REV Group in the 3rd quarter worth approximately $5,973,000.

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.