REV Group (NYSE:REVG) Upgraded to Strong-Buy by StockNews.com

REV Group (NYSE:REVG) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

REV Group Trading Down 1.4 %

Shares of NYSE:REVG traded down $0.27 during mid-day trading on Friday, reaching $18.58. The stock had a trading volume of 390,836 shares, compared to its average volume of 830,966. The company has a market cap of $962.44 million, a P/E ratio of 4.59 and a beta of 1.70. REV Group has a 1 year low of $9.85 and a 1 year high of $21.33. The business’s 50 day moving average price is $18.82 and its 200 day moving average price is $16.90.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. The company had revenue of $586.00 million for the quarter, compared to the consensus estimate of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. Analysts predict that REV Group will post 1.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On REV Group

A number of hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in REV Group by 101.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock worth $25,000 after acquiring an additional 941 shares during the last quarter. Quarry LP increased its stake in REV Group by 48.1% during the fourth quarter. Quarry LP now owns 1,762 shares of the company’s stock worth $32,000 after acquiring an additional 572 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in REV Group during the fourth quarter worth approximately $39,000. Advisor Group Holdings Inc. increased its stake in REV Group by 63.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock worth $39,000 after acquiring an additional 1,208 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in REV Group by 236.8% during the third quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock worth $55,000 after acquiring an additional 2,368 shares during the last quarter. 94.92% of the stock is currently owned by hedge funds and other institutional investors.

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.