Goldman Sachs Maintains REV Group Sell Recommendation

Fintel reports that on June 9, 2023, Goldman Sachs maintained coverage of REV Group (NYSE:REVG) with a Sell recommendation.

Analyst Price Forecast Suggests 4.76% Upside

As of June 2, 2023, the average one-year price target for REV Group is 13.43. The forecasts range from a low of 11.11 to a high of $16.80. The average price target represents an increase of 4.76% from its latest reported closing price of 12.82.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for REV Group is 2,386MM, an increase of 0.33%. The projected annual non-GAAP EPS is 1.16.

What is the Fund Sentiment?

There are 296 funds or institutions reporting positions in REV Group. This is a decrease of 1 owner(s) or 0.34% in the last quarter. Average portfolio weight of all funds dedicated to REVG is 0.18%, a decrease of 12.24%. Total shares owned by institutions decreased in the last three months by 3.62% to 63,765K shares. The put/call ratio of REVG is 0.18, indicating a bullish outlook.

What are Other Shareholders Doing?

Aip holds 27,563K shares representing 46.36% ownership of the company. No change in the last quarter.

Pzena Investment Management holds 3,648K shares representing 6.14% ownership of the company. In it’s prior filing, the firm reported owning 3,833K shares, representing a decrease of 5.07%. The firm decreased its portfolio allocation in REVG by 12.16% over the last quarter.

Alliancebernstein holds 3,177K shares representing 5.34% ownership of the company. In it’s prior filing, the firm reported owning 3,094K shares, representing an increase of 2.59%. The firm decreased its portfolio allocation in REVG by 21.41% over the last quarter.

Segall Bryant & Hamill holds 2,722K shares representing 4.58% ownership of the company. In it’s prior filing, the firm reported owning 2,755K shares, representing a decrease of 1.21%. The firm decreased its portfolio allocation in REVG by 9.29% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,018K shares representing 1.71% ownership of the company. No change in the last quarter.

REV Group Background Information
(This description is provided by the company.)

REV Group® (REVG) is a leading designer and manufacturer of specialty vehicles and related aftermarket parts and services. It serves a diversified customer base, primarily in the United States, through three segments: Fire & Emergency, Commercial, and Recreation. It provides customized vehicle solutions for applications, including essential needs for public services (ambulances, fire apparatus, school buses, and transit buses), commercial infrastructure (terminal trucks and industrial sweepers) and consumer leisure (recreational vehicles). Its diverse portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of its brands pioneered their specialty vehicle product categories and date back more than 50 years.

Key filings for this company:

• UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K

This article originally appeared on Fintel