Set Your Sights On REV Group Inc (NYSE: REVG)’S Upside Potential

REV Group Inc (REVG) concluded trading on Wednesday at a closing price of $26.86, with 3.46 million shares of worth about $92.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.38% during that period and on September 04, 2024 the price saw a loss of about -11.09%. Currently the company’s common shares owned by public are about 59.51M shares, out of which, 49.52M shares are available for trading.

Stock saw a price change of -10.85% in past 5 days and over the past one month there was a price change of 1.13%. Year-to-date (YTD), REVG shares are showing a performance of 74.62% which increased to 130.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.76 but also hit the highest price of $31.85 during that period. The average intraday trading volume for REV Group Inc shares is 765.17K. The stock is currently trading -8.47% below its 20-day simple moving average (SMA20), while that difference is down -1.63% for SMA50 and it goes to 25.04% higher than SMA200.

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REV Group Inc (NYSE: REVG) currently have 59.51M outstanding shares and institutions hold larger chunk of about 104.08% of that.

The stock has a current market capitalization of $1.39B and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 6.42, while it has posted earnings per share of $4.18 in the same period. Its PEG reads 0.34 and has Quick Ratio of 0.57 while making debt-to-equity ratio of 0.63. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for REVG, volatility over the week remained 9.31% while standing at 4.67% over the month.

Stock’s fiscal year EPS is expected to rise by 17.10% while it is estimated to increase by 31.24% in next year. EPS is likely to shrink at an annualized rate of 19.01% for next 5-years, compared to annual growth of 31.11% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on June 11, 2024 offering an Equal-weight rating for the stock and assigned a target price of $29.50 to it. Coverage by DA Davidson stated REV Group Inc (REVG) stock as a Buy in their note to investors on September 27, 2023, suggesting a price target of $20 for the stock. On March 06, 2023, Robert W. Baird Upgrade their recommendations, while on June 29, 2022, DA Davidson Initiated their ratings for the stock with a price target of $11. Stock get a Neutral rating from Robert W. Baird on April 08, 2022.

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