REV Group, Inc. (REVG) Sets All-Time Low; Strong Momentum for Sellers

March 18, 2018 - By Darrin Black

The stock of REV Group, Inc. (NYSE:REVG) reached all time low today, Mar, 18 and still has $19.79 target or 6.00 % below today’s $21.05 share price. This indicates more downside for the $1.36B company. This technical setup was reported by Barchart.com. If the $19.79 PT is reached, the company will be worth $81.54 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 3.04% or $0.66 during the last trading session, reaching $21.05. About 1.93 million shares traded or 230.86% up from the average. REV Group, Inc. (NYSE:REVG) has 0.00% since March 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await REV Group, Inc. (NYSE:REVG) to report earnings on June, 5. They expect $0.42 EPS, up 44.83 % or $0.13 from last year’s $0.29 per share. REVG’s profit will be $27.12 million for 12.53 P/E if the $0.42 EPS becomes a reality. After $0.13 actual EPS reported by REV Group, Inc. for the previous quarter, Wall Street now forecasts 223.08 % EPS growth.

More recent REV Group, Inc. (NYSE:REVG) news were published by: Businesswire.com which released: “REV Group, Inc. Reports Fiscal 2018 First Quarter Results” on March 07, 2018. Also Streetinsider.com published the news titled: “Form 4 REV Group, Inc. For: Feb 08 Filed by: Dutil Charles” on March 14, 2018. Investorplace.com‘s news article titled: “3 Stocks to Watch on Thursday: Rev Group Inc (REVG), Thor Industries, Inc …” with publication date: March 08, 2018 was also an interesting one.

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 $1.36 billion. It operates through three divisions: Fire & Emergency, Commercial, and Recreation. It has a 25.86 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.

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