Rev Group Inc (REVG) Now Covered by Analysts at Morgan Stanley

Rev Group Inc (REVG) Now Covered by Analysts at Morgan Stanley

Investment analysts at Morgan Stanley started coverage on shares of Rev Group Inc (NASDAQ:REVG) in a report released on Tuesday. The brokerage set an “equal weight” rating and a $30.00 price target on the stock. Morgan Stanley’s target price would indicate a potential upside of 7.76% from the stock’s current price.

Separately, Stifel Nicolaus assumed coverage on Rev Group in a report on Tuesday, February 21st. They set a “buy” rating and a $33.00 target price for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.38.

Rev Group (NASDAQ:REVG) traded up 0.22% during trading on Tuesday, reaching $27.84. 191,289 shares of the company’s stock were exchanged. Rev Group has a 52 week low of $24.50 and a 52 week high of $29.29. The stock has a 50-day moving average price of $27.28 and a 200 day moving average price of $27.02.

The business also recently declared a special dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Sunday, April 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, April 26th.

In other Rev Group news, Director Dino M. Cusumano sold 1,253,222 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $20.54, for a total value of $25,741,179.88. Following the completion of the transaction, the director now owns 190,934 shares in the company, valued at approximately $3,921,784.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder American Industrial Partners C sold 1,247,878 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $20.54, for a total value of $25,631,414.12. The disclosure for this sale can be found here.

Rev Group Company Profile

REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).

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