Rev Group stock hits all-time high at 51.0 USD

Rev Group Inc (NYSE:REVG) has reached an all-time high, with its stock price touching 51.0 USD. This milestone reflects a significant upward trend, with InvestingPro data showing an impressive 84.3% return over the past year. The company’s financial health score is rated as "GOOD," with particularly strong price momentum metrics. The surge in Rev Group’s stock price underscores the company’s robust performance, with a healthy current ratio of 1.66 and moderate debt levels. As the stock continues to climb, market analysts are keeping a close eye on the factors driving this growth and the potential for future gains. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report, helping investors make more informed decisions about REVG’s future prospects.

In other recent news, REV Group reported stronger-than-expected earnings for the second quarter of fiscal year 2025. The company achieved earnings per share of $0.70, surpassing the forecasted $0.55, and reported revenue of $629.1 million, exceeding the anticipated $603.5 million. DA Davidson responded by raising its price target for REV Group stock to $51 from $39, while maintaining a Buy rating. The analysts highlighted the company’s increased EBITDA forecast for fiscal year 2025 and its confidence in achieving $310 million in EBITDA by fiscal year 2027. Additionally, Morgan Stanley (NYSE:MS) upgraded REV Group’s stock rating from Underweight to Equalweight, citing strong execution and robust product demand. The firm also increased the price target to $46.00 from $33.00. In other company news, REV Group announced the promotion of Linas Polteraitis to chief supply chain officer. Polteraitis joined the company in September 2023 and will report to CEO and President Mark Skonieczny. These developments indicate a period of positive momentum for the company.

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