REV Group (NYSE:REVG) Price Target Raised to $39.00

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

Several other research firms have also commented on REVG. StockNews.com lowered REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group raised their price target on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research report on Thursday. Finally, Robert W. Baird upped their price objective on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.75.

REV Group Trading Up 3.6 %

NYSE REVG opened at $35.23 on Friday. REV Group has a 1 year low of $16.00 and a 1 year high of $35.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.57. The company has a market capitalization of $1.84 billion, a PE ratio of 7.85 and a beta of 1.61. The company has a fifty day moving average of $29.44 and a 200 day moving average of $27.98.

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. 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 a boost from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio (DPR) is currently 4.45%.

Institutional Trading of REV Group

Several institutional investors have recently modified their holdings of REVG. FMR LLC lifted its stake in REV Group by 68.3% in 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 in the last quarter. Anthracite Investment Company Inc. purchased a new position in shares of REV Group in the third quarter valued at approximately $6,334,000. Principal Financial Group Inc. boosted its stake in shares of REV Group by 151.4% in the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock worth $1,410,000 after acquiring an additional 30,262 shares during the last quarter. American Century Companies Inc. increased its position in shares of REV Group by 25.9% during the second quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock worth $2,381,000 after purchasing an additional 19,674 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in REV Group by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock valued at $336,000 after purchasing an additional 1,171 shares during 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.