Rev Group stock hits all-time high at 62.73 USD

Rev Group Inc (NYSE:REVG) has reached an all-time high, with its stock price hitting 62.73 USD. According to InvestingPro data, this represents a significant premium to its Fair Value, placing REVG among overvalued stocks. Over the past year, Rev Group’s stock has experienced a remarkable increase of 92.85%, with InvestingPro showing strong financial metrics including a 13.8% gross profit margin and $2.3 billion in revenue. The company maintains healthy liquidity with a current ratio of 1.66. The company’s significant growth trajectory has been underscored by strategic business decisions and favorable market conditions, propelling its stock to this new peak. Management has been actively buying back shares, demonstrating confidence in the company’s direction. As Rev Group continues to expand its operations and product offerings, investors remain optimistic about its future prospects, contributing to the stock’s impressive ascent. For deeper insights into REVG’s valuation and growth potential, access the comprehensive Pro Research Report available on InvestingPro, which covers 12 additional exclusive ProTips.

In other recent news, REV Group has reported significant developments. The company’s fiscal second-quarter earnings surpassed expectations, prompting DA Davidson to raise its stock price target from $39 to $51 while maintaining a Buy rating. Additionally, REV Group has increased its EBITDA forecast for fiscal year 2025 and expressed strong confidence in achieving $310 million in EBITDA by fiscal year 2027, despite facing tariff challenges. In July, RV chassis orders surged by 179% year-over-year, with production also increasing by 71%, according to DA Davidson’s analysis. Morgan Stanley upgraded REV Group’s stock rating from Underweight to Equalweight, citing strong execution and robust product demand. The firm also raised its price target to $46.00, highlighting improvements in the company’s operational efficiency. In corporate news, REV Group has promoted Linas Polteraitis to chief supply chain officer, where he will continue to report to CEO and President Mark Skonieczny. These developments reflect the company’s ongoing efforts to strengthen its market position and operational capabilities.

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