REV Group, Inc. (REVG) Stock Faces Higher Risks Forward After Forming Bearish Double Bottom Chart Pattern

September 16, 2018 - By Mark Babin

The chart of REV Group, Inc. (REVG) shows a double bottom with $15.00 target or 3.00 % below today’s $15.46 share price. The 5 months chart pattern indicates high risk for the $976.99 million company. It was reported on Sep, 16 by Finviz.com. If the $15.00 price target is reached, the company will be worth $29.31M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.98% or $0.15 during the last trading session, reaching $15.46. About 536,188 shares traded. REV Group, Inc. (NYSE:REVG) has declined 42.92% since September 16, 2017 and is downtrending. It has underperformed by 58.54% the S&P500.

More news for REV Group, Inc. (NYSE:REVG) were recently published by: Seekingalpha.com, which released: “REV Group (REVG) CEO Tim Sullivan on Q3 2018 Results – Earnings Call Transcript” on September 06, 2018. Seekingalpha.com‘s article titled: “Caterpillar, AGCO rated Buy at Deutsche Bank after machinery sector selloff” and published on September 05, 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 $976.99 million. It operates through three divisions: Fire & Emergency, Commercial, and Recreation. It has a 17.69 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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