REV Group (NYSE:REVG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

REV Group (NYSE:REVG) had its price objective increased by Robert W. Baird from $32.00 to $38.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 7.88% from the stock’s previous close.

REVG has been the subject of a number of other research reports. The Goldman Sachs Group lifted their price objective on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research note on Thursday, September 5th. StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, DA Davidson restated a “buy” rating and set a $33.00 price objective on shares of REV Group in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.75.

REV Group Price Performance

Shares of NYSE REVG opened at $35.23 on Thursday. The company has a 50 day simple moving average of $29.44 and a two-hundred day simple moving average of $27.95. REV Group has a fifty-two week low of $16.00 and a fifty-two week high of $35.96. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 7.85 and a beta of 1.61. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85.

Hedge Funds Weigh In On REV Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank grew its stake 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 acquiring an additional 716 shares during the period. Farther Finance Advisors LLC grew its position in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after purchasing an additional 461 shares during the period. CWM LLC raised its stake in REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock valued at $100,000 after buying an additional 3,369 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in REV Group by 257.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after buying an additional 5,420 shares during the last quarter. Finally, Atria Investments Inc bought a new position in shares of REV Group during the 3rd quarter valued at $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.