In Friday’s Wall Street session, REV Group Inc (NYSE:REVG) shares traded at $33.63, up 2.41% from the previous session.
REVG stock price is now 1.93% away from the 50-day moving average and 16.97% away from the 200-day moving average. The market capitalization of the company currently stands at $1.75B.
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With the price target of $29.50, Morgan Stanley recently initiated with Equal-Weight rating for REV Group Inc (NYSE: REVG). On September 27, 2023, DA Davidson Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $16 to quote $20, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, LaDue Joseph, VP, Corp. Controller & CAO sold 4,533 shares of the company’s stock on Jan 13 ’25. The stock was sold for $146,008 at an average price of $32.21. Upon completion of the transaction, the VP, Corp. Controller & CAO now directly owns 20,442 shares in the company, valued at $0.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 13 ’25, Officer LaDue Joseph bought 4,533 shares of the business’s stock. A total of $145,994 was incurred on buying the stock at an average price of $32.21. A total of 1.68% of the company’s stock is owned by insiders.
During the past 12 months, REV Group Inc has had a low of $16.00 and a high of $36.00. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 1.72, and a quick ratio of 0.43. According to the stock market information, the enterprise value for the company is $1846585728, which is based on a 7.51 price-to-earnings ratio, a 0.22 price-to-earnings-growth ratio, and a beta of 1.55. The fifty day moving average price for REVG is $32.9938 and a two-hundred day moving average price translates $28.7507 for the stock.
The latest earnings results from REV Group Inc (NYSE: REVG) was released for 2024-10-31. The net profit margin was 10.82% and return on equity was 55.21% for REVG. The company reported revenue of $597.9 million for the quarter, compared to $693.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.76 percent.
