Rev Group (REVG) Given New $39.00 Price Target at SunTrust Banks

Rev Group (NYSE:REVG) had its target price boosted by SunTrust Banks to $39.00 in a report released on Wednesday. The firm currently has a buy rating on the stock. SunTrust Banks also issued estimates for Rev Group’s Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.70 EPS, FY2018 earnings at $1.88 EPS and FY2019 earnings at $2.53 EPS.

Several other analysts have also weighed in on REVG. Zacks Investment Research lowered Rev Group from a buy rating to a hold rating in a report on Friday, November 3rd. Stifel Nicolaus upped their target price on Rev Group from $33.00 to $36.00 and gave the company a buy rating in a report on Thursday, December 21st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Rev Group presently has a consensus rating of Buy and an average target price of $33.70.

Rev Group (REVG) traded up $0.42 during trading hours on Wednesday, reaching $31.92. The company’s stock had a trading volume of 849,863 shares, compared to its average volume of 409,385. The stock has a market capitalization of $2,050.00 and a PE ratio of 67.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.77 and a quick ratio of 0.67. Rev Group has a 1 year low of $23.38 and a 1 year high of $33.15.

Rev Group (NYSE:REVG) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The business had revenue of $683.90 million during the quarter, compared to analysts’ expectations of $705.73 million. Rev Group had a return on equity of 12.17% and a net margin of 1.38%. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. sell-side analysts anticipate that Rev Group will post 1.72 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, January 26th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, January 25th. Rev Group’s dividend payout ratio (DPR) is 127.66%.

In other Rev Group news, Director Joel M. Rotroff sold 985 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $26.09, for a total value of $25,698.65. Following the sale, the director now owns 3,205 shares of the company’s stock, valued at $83,618.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several institutional investors and hedge funds have recently bought and sold shares of REVG. Envestnet Asset Management Inc. acquired a new stake in shares of Rev Group during the third quarter valued at $128,000. Private Advisor Group LLC acquired a new stake in shares of Rev Group during the third quarter valued at $224,000. Bluestein R H & Co. acquired a new stake in shares of Rev Group during the third quarter valued at $230,000. Virtu KCG Holdings LLC acquired a new stake in shares of Rev Group during the second quarter valued at $249,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Rev Group during the second quarter valued at $268,000. 24.98% of the stock is currently owned by institutional investors and hedge funds.

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About Rev Group

REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).

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