It Seems REV Group, Inc. (REVG) Will Go Down. Just Reaches 52-Week Low

April 17, 2018 - By Clifton Ray

The stock of REV Group, Inc. (NYSE:REVG) hit a new 52-week low and has $18.09 target or 7.00 % below today’s $19.45 share price. The 9 months bearish chart indicates high risk for the $1.26 billion company. The 1-year low was reported on Apr, 17 by Barchart.com. If the $18.09 price target is reached, the company will be worth $87.92M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.71% or $0.75 during the last trading session, reaching $19.45. About 494,332 shares traded. REV Group, Inc. (NYSE:REVG) has declined 23.94% since April 17, 2017 and is downtrending. It has underperformed by 35.49% the S&P500.

Analysts await REV Group, Inc. (NYSE:REVG) to report earnings on June, 5. They expect $0.42 earnings per share, up 44.83 % or $0.13 from last year’s $0.29 per share. REVG’s profit will be $27.12 million for 11.58 P/E if the $0.42 EPS becomes a reality. After $0.13 actual earnings per share reported by REV Group, Inc. for the previous quarter, Wall Street now forecasts 223.08 % EPS growth.

REV Group, Inc. designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, and internationally. The company has market cap of $1.26 billion. It operates through three divisions: Fire & Emergency, Commercial, and Recreation. It has a 23.89 P/E ratio. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipal fire departments, EMS providers, and private fleets through dealers.

REV Group, Inc. (NYSE:REVG) Ratings Chart

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