Rev Group stock hits all-time high at 53.8 USD

Rev Group Inc (REVG) has reached a significant milestone as its stock price hit an all-time high of 53.8 USD, with InvestingPro data showing the company maintains a "GREAT" overall financial health score of 3.01 out of 5. This achievement underscores a robust performance over the past year, with the stock delivering a 71.51% total return. The company’s upward trajectory reflects strong market confidence, supported by a healthy current ratio of 1.66 and moderate debt levels. According to InvestingPro analysis, the stock appears fairly valued at current levels. Investors have shown increasing interest in Rev Group, driving the stock to new heights and solidifying its position in the market. As the company continues to grow, stakeholders will be keenly observing its strategies and future performance. Analyst consensus remains bullish with a target range of $46-55, while InvestingPro subscribers can access 12 additional exclusive insights about REVG’s financial health and growth prospects.

In other recent news, REV Group reported fiscal second-quarter earnings that surpassed expectations, prompting DA Davidson to raise the company’s stock price target to $51 from $39 while maintaining a Buy rating. The company also increased its EBITDA forecast for fiscal year 2025, showing strong confidence in achieving $310 million in EBITDA by fiscal year 2027, despite facing tariff challenges. Additionally, Morgan Stanley upgraded REV Group from Underweight to Equalweight, citing better-than-expected price/cost dynamics and improved operational efficiency. The price target was raised to $46.00 from $33.00.

In industry-related news, RV chassis orders for REV Group increased 179% year-over-year in July, although this growth is from a low base. Production also rose 71% during the same period, according to DA Davidson. The firm reiterated a Buy rating on REV Group, focusing on the strong RV chassis data. Furthermore, the company announced the promotion of Linas Polteraitis to chief supply chain officer, who will continue to report to CEO and President Mark Skonieczny. These developments highlight a period of significant activity and strategic moves within REV Group.

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