DA Davidson Forecasts Strong Price Appreciation for REV Group (NYSE:REVG) Stock

REV Group (NYSE:REVG) had its price objective boosted by stock analysts at DA Davidson from $33.00 to $39.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective points to a potential upside of 10.70% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Robert W. Baird lifted their target price on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com cut 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 raised their target price on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.75.

REV Group Price Performance

REVG opened at $35.23 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. REV Group has a 1 year low of $16.00 and a 1 year high of $35.96. The stock’s 50 day simple moving average is $29.44 and its 200 day simple moving average is $27.97. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 7.85 and a beta of 1.61.

Institutional Investors Weigh In On REV Group

A number of large investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in REV Group by 68.3% in the third quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after buying an additional 2,504,568 shares during the period. Anthracite Investment Company Inc. bought a new stake in shares of REV Group during the 3rd quarter valued at $6,334,000. Principal Financial Group Inc. boosted its holdings in shares of REV Group by 151.4% during the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after buying an additional 30,262 shares in the last quarter. American Century Companies Inc. grew its position in shares of REV Group by 25.9% in the 2nd quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock worth $2,381,000 after buying an additional 19,674 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of REV Group by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock worth $336,000 after acquiring an additional 1,171 shares in the last quarter.

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.