Fintel reports that on June 11, 2024, Morgan Stanley initiated coverage of REV Group (NYSE:REVG) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 9.02% Downside
As of June 1, 2024, the average one-year price target for REV Group is 24.82. The forecasts range from a low of 20.20 to a high of $29.40. The average price target represents a decrease of 9.02% from its latest reported closing price of 27.28.
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The projected annual revenue for REV Group is 2,460MM, a decrease of 4.51%. The projected annual non-GAAP EPS is 1.26.
What is the Fund Sentiment?
There are 404 funds or institutions reporting positions in REV Group. This is an increase of 70 owner(s) or 20.96% in the last quarter. Average portfolio weight of all funds dedicated to REVG is 0.18%, an increase of 13.83%. Total shares owned by institutions decreased in the last three months by 10.37% to 55,900K shares. 
The put/call ratio of REVG is 2.42, indicating a bearish outlook.
What are Other Shareholders Doing?
Segall Bryant & Hamill holds 2,820K shares representing 5.43% ownership of the company. In its prior filing, the firm reported owning 2,950K shares , representing a decrease of 4.61%. The firm increased its portfolio allocation in REVG by 13.01% over the last quarter.
Citadel Advisors holds 2,627K shares representing 5.06% ownership of the company. In its prior filing, the firm reported owning 239K shares , representing an increase of 90.89%. The firm increased its portfolio allocation in REVG by 1,025.54% over the last quarter.
Alliancebernstein holds 2,003K shares representing 3.86% ownership of the company. In its prior filing, the firm reported owning 2,033K shares , representing a decrease of 1.53%. The firm decreased its portfolio allocation in REVG by 5.48% over the last quarter.
Aip holds 1,767K shares representing 3.40% ownership of the company. In its prior filing, the firm reported owning 27,563K shares , representing a decrease of 1,459.57%. The firm decreased its portfolio allocation in REVG by 90.01% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,466K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 1,018K shares , representing an increase of 30.56%. The firm increased its portfolio allocation in REVG by 59.62% over 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.
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