While REV Group Inc has underperformed by -1.66%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, REVG rose by 135.35%, with highs and lows ranging from $31.85 to $10.90, whereas the simple moving average jumped by 19.58% in the last 200 days.
On June 11, 2024, Morgan Stanley started tracking REV Group Inc (NYSE: REVG) recommending Equal-Weight. A report published by DA Davidson on September 27, 2023, Upgraded its rating to ‘Buy’ for REVG. Robert W. Baird also Upgraded REVG shares as ‘Outperform’, setting a target price of $16 on the company’s shares in a report dated March 06, 2023. DA Davidson Initiated an Neutral rating on June 29, 2022, and assigned a price target of $11. Robert W. Baird April 08, 2022d its ‘Outperform’ rating to ‘Neutral’ for REVG, as published in its report on April 08, 2022. Credit Suisse’s report from June 16, 2021 suggests a price prediction of $13 for REVG shares, giving the stock a ‘Underperform’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of REV Group Inc (REVG)
REVG currently pays a dividend of $0.20 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -14.79%, showing a negative trend in the upcoming months.
In order to gain a clear picture of REV Group Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 56.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.57, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 795.71K can be a very valuable indicator of volatility for REVG stock. On a monthly basis, the volatility of the stock is set at 4.80%, whereas on a weekly basis, it is put at 10.17%, with a loss of -13.94% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.88, showing growth from the present price of $26.00, which can serve as yet another indication of whether REVG is worth investing in or should be passed over.
How Do You Analyze REV Group Inc Shares?
The USA based company REV Group Inc (REVG) is one of the biggest names in Farm & Heavy Construction Machinery. When comparing REV Group Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 6.21, there is a growth in quarterly earnings of 37.04%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.61%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 102.33% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
REVG shares are owned by institutional investors to the tune of 102.33% at present.
