A share price of REV Group Inc [REVG] is currently trading at $19.72, up 6.08%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The REVG shares have gain 5.01% over the last week, with a monthly amount glided 0.51%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, REV Group, Inc. Announces Pricing of Secondary Offering of Common Stock. In a post published today on Yahoo Finance, REV Group, Inc. (NYSE:REVG) (the “Company”) announced today the pricing of the previously announced underwritten secondary public offering of 7,395,191 shares of the Company’s common stock (the “Offering”) by American Industrial Partners Capital Fund IV, LP and American Industrial Partners Capital Fund IV (Parallel), LP (the “Selling Stockholders”) at an offering price of $18.00 per share.
From an analyst’s perspective:
REV Group Inc [NYSE: REVG] stock has seen the most recent analyst activity on September 27, 2023, when DA Davidson upgraded its rating to a Buy and also boosted its price target to $20 from $16. Previously, Robert W. Baird upgraded its rating to Outperform on March 06, 2023, and kept the price target unchanged to $16. On June 29, 2022, DA Davidson initiated with a Neutral rating and assigned a price target of $11 on the stock. Robert W. Baird downgraded its rating to a Neutral but stick to its price target of $14 on April 08, 2022. Credit Suisse reiterated its recommendation of a Underperform and raised its price target to $13 on June 16, 2021. Morgan Stanley upgraded its rating to Equal-Weight for this stock on December 15, 2020, but kept the price target unchanged to $10. In a note dated December 10, 2020, Jefferies downgraded an Hold rating on this stock but restated the target price of $10.
REV Group Inc experienced fluctuations in its stock price throughout the past year between $8.34 and $21.33. Currently, Wall Street analysts expect the stock to reach $11.63 within the next 12 months. REV Group Inc [NYSE: REVG] shares were valued at $19.72 at the most recent close of the market. An investor can expect a potential drop of -41.02% based on the average REVG price forecast.
Analyzing the REVG fundamentals
Trailing Twelve Months sales for REV Group Inc [NYSE:REVG] were 2.64B which represents 0.43% growth. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.5 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.97 points at the first support level, and at 18.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.18, and for the 2nd resistance point, it is at 20.63.
REV Group Inc [REVG] reported earnings per share of $0.25 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.15/share, meaning a difference of $0.1 and a surprise factor of 66.70%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.53 per share as compared to estimates of $0.34 per share, a difference of $0.19 representing a surprise of 55.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for REV Group Inc [NYSE:REVG] is 1.35. Further, the Quick Ratio stands at 0.46, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 2.38 and price to earnings (TTM) ratio is 4.87.
Transactions by insiders
Recent insider trading involved AMERICAN INDUSTRIAL PARTNERS C, No longer a 10% owner., that happened on Mar 15 ’24 when 7.4 million shares were sold. 10% Owner, AMERICAN INDUSTRIAL PARTNERS C completed a deal on Feb 20 ’24 to sell 18.4 million shares.
