REV Group (NYSE:REVG) Stock Rating Lowered by Morgan Stanley

REV Group (NYSE:REVG) was downgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. They currently have a $33.00 price objective on the stock. Morgan Stanley’s target price would indicate a potential upside of 3.76% from the company’s previous close.

REV Group Stock Down 0.3 %

NYSE:REVG opened at $31.81 on Wednesday. The firm’s 50 day simple moving average is $31.37 and its 200 day simple moving average is $31.03. REV Group has a one year low of $20.51 and a one year high of $36.00. The company has a market cap of $1.64 billion, a PE ratio of 7.08 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43.

Hedge Funds Weigh In On REV Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. McIlrath & Eck LLC lifted its stake in REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock worth $46,000 after acquiring an additional 344 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of REV Group by 1.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company’s stock worth $989,000 after purchasing an additional 414 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of REV Group by 9.1% during the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company’s stock valued at $261,000 after acquiring an additional 682 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of REV Group by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock valued at $2,776,000 after buying an additional 766 shares during the period. Finally, Vident Advisory LLC grew its position in REV Group by 5.2% during the fourth quarter. Vident Advisory LLC now owns 16,348 shares of the company’s stock valued at $521,000 after buying an additional 805 shares during the period.

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.