Could REV Group, Inc. (REVG) Change Direction After Reaching All-Time Low?

April 25, 2018 - By Michael Collier

The stock of REV Group, Inc. (NYSE:REVG) reached all time low today, Apr, 25 and still has $16.35 target or 9.00 % below today’s $17.97 share price. This indicates more downside for the $1.16B company. This technical setup was reported by Barchart.com. If the $16.35 PT is reached, the company will be worth $104.40M 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 0.17% or $0.03 during the last trading session, reaching $17.97. About 537,578 shares traded. REV Group, Inc. (NYSE:REVG) has declined 23.94% since April 25, 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 $0.32 earnings per share, up 10.34 % or $0.03 from last year’s $0.29 per share. REVG’s profit will be $20.66M for 14.04 P/E if the $0.32 EPS becomes a reality. After $0.13 actual earnings per share reported by REV Group, Inc. for the previous quarter, Wall Street now forecasts 146.15 % 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 $1.16 billion. It operates through three divisions: Fire & Emergency, Commercial, and Recreation. It has a 22.08 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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