Robert W. Baird Issues Positive Forecast for REV Group (NYSE:REVG) Stock Price

REV Group (NYSE:REVG) had its target price upped by Robert W. Baird from $32.00 to $38.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on REVG. StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. DA Davidson reissued a “buy” rating and set a $33.00 price target on shares of REV Group in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group boosted their price target on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.75.

REV Group Stock Performance

REV Group stock opened at $35.23 on Thursday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 7.85 and a beta of 1.61. The stock has a fifty day moving average price of $29.44 and a 200 day moving average price of $27.97. REV Group has a 52 week low of $16.00 and a 52 week high of $35.96. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54.

REV Group Increases Dividend

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

Institutional Investors Weigh In On REV Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank boosted its position in shares of REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after buying an additional 716 shares during the period. Farther Finance Advisors LLC boosted its position in shares of REV Group by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after buying an additional 461 shares during the period. CWM LLC boosted its position in shares of REV Group by 525.6% in the second quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after buying an additional 3,369 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of REV Group by 257.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock worth $187,000 after buying an additional 5,420 shares during the period. Finally, Atria Investments Inc purchased a new stake in shares of REV Group in the third quarter worth about $201,000.

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.