What’s in REV Group, Inc. (REVG) After Forming H&S?

May 25, 2018 - By Michael Collier

The stock of REV Group, Inc. (REVG) formed H&S with $16.65 target or 5.00 % below today’s $17.53 share price. The 6 months Head & Shoulders indicates high risk for the $1.13B company. It was reported on May, 25 by Faxor.com. If the $16.65 price target is reached, the company will be worth $56.60M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 0.17% or $0.03 during the last trading session, reaching $17.53. About 296,060 shares traded. REV Group, Inc. (NYSE:REVG) has declined 23.94% since May 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 $0.31 earnings per share, up 6.90 % or $0.02 from last year’s $0.29 per share. REVG’s profit will be $20.02 million for 14.14 P/E if the $0.31 EPS becomes a reality. After $0.13 actual earnings per share reported by REV Group, Inc. for the previous quarter, Wall Street now forecasts 138.46 % EPS growth.

More news for REV Group, Inc. (NYSE:REVG) were recently published by: Globenewswire.com, which released: “Analysis: Positioning to Benefit within G-III Apparel Group, LTD, Diebold Nixdorf, Endologix, MACOM Technology …” on May 15, 2018. Businesswire.com‘s article titled: “REV Group Fire Division Partners With ZeroRPM on Idle Mitigation System Specifically Engineered for E-ONE, Ferrara …” and published on May 09, 2018 is yet another important article.

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 $1.13 billion. It operates through three divisions: Fire & Emergency, Commercial, and Recreation. It has a 21.54 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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