Last Updated: 12 Nov 2024
Executive Summary
Rev Group Inc. (REVG) is a leading manufacturer of specialty vehicles and related parts and services. The company has a strong financial position with a market capitalization of $1.6 billion, EBITDA of $150.2 million, and a trailing PE ratio of 6.97. Analysts are bullish on the stock, with a consensus price target of $29.88 and a majority of analysts rating the stock as a "buy."
Company Overview
Rev Group Inc. designs, manufactures, and distributes specialty vehicles and related parts and services. The company's products include ambulances, fire apparatus, buses, and recreational vehicles. Rev Group has a global presence with operations in the United States, Canada, Europe, Africa, and internationally.
Fundamental Analysis
Rev Group's financial performance has been strong in recent years. The company has reported positive revenue and earnings growth in each of the last five years. In fiscal 2023, Rev Group reported revenue of $2.48 billion, up 1.5% from the previous year. Net income was $132.2 million, up 10.3%.
The company's gross profit margin has been relatively stable in recent years, averaging around 12.8%. The operating margin has also been stable, averaging around 6.1%. Rev Group's return on assets and return on equity are both above average for the industry.
Technical Analysis
Rev Group's stock price has been trading in a range between $25 and $32 for the past year. The stock is currently trading at $30.8, near the top of its range. The 50-day moving average is $27.7, and the 200-day moving average is $24.78. The relative strength index (RSI) is 62, which indicates that the stock is overbought.
Short Term Outlook
In the short term, Rev Group's stock price is likely to continue to trade in a range. The stock could face resistance at the $32 level, and support at the $28 level.
Long Term Outlook
In the long term, Rev Group's stock price is expected to rise. The company has a strong financial position and a growing product portfolio. The company is also benefiting from the increasing demand for specialty vehicles.
Analyst Recommendations
Analysts are bullish on Rev Group's stock. The consensus price target is $29.88, and a majority of analysts rate the stock as a "buy."
