REV Group (NYSE:REVG) Price Target Raised to $28.50 at The Goldman Sachs Group

REV Group (NYSE:REVG) had its target price raised by analysts at The Goldman Sachs Group from $25.00 to $28.50 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 19.09% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price target on shares of REV Group in a report on Thursday, September 5th. Finally, Robert W. Baird boosted their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday. 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. According to data from MarketBeat, REV Group presently has an average rating of “Hold” and an average target price of $33.75.

REV Group Stock Up 3.6 %

Shares of REVG opened at $35.23 on Thursday. The business’s 50 day simple moving average is $29.44 and its 200-day simple moving average is $27.95. REV Group has a 1 year low of $16.00 and a 1 year high of $35.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 7.85 and a beta of 1.61.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of REVG. Amalgamated Bank boosted its holdings in REV Group by 67.5% during the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after acquiring an additional 716 shares during the period. Farther Finance Advisors LLC lifted its position in shares of REV Group by 27.2% during the third 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 last quarter. CWM LLC boosted its stake in shares of REV Group by 525.6% during the second quarter. CWM LLC now owns 4,010 shares of the company’s stock valued at $100,000 after purchasing an additional 3,369 shares during the period. Atria Investments Inc bought a new position in shares of REV Group in the third quarter worth about $201,000. Finally, DekaBank Deutsche Girozentrale grew its holdings 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 purchasing an additional 5,420 shares during 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.