REV Group Inc Shares Rise Above Analyst Target Amid Mixed Ratings

Recently, shares of REV Group Inc (Symbol: REVG) have surpassed the average analyst 12-month target price of $34.62, trading at $35.02 per share. When a stock reaches the set target, analysts typically have two options: downgrade their valuation or increase their target price. Their decisions often hinge on fundamental developments within the company that could justify a higher price point. If recent business trends appear positive, it might be time for analysts to reconsider their targets.

Within the Zacks coverage universe, there are four analysts contributing to the average target for REV Group Inc. This average represents a mathematical midpoint, with some analysts setting lower targets—one, for example, anticipates a price of $28.50. Conversely, another analyst has a more optimistic target of $39.00. The standard deviation among these targets is $4.854, illustrating some variability in expectations.

Reviewing the average price target helps investors gauge a collective outlook, reflecting the thoughts of multiple analysts rather than relying on a single perspective. With REVG now above the average target price of $34.62, investors are encouraged to assess whether this point is simply a stepping stone toward higher valuations or if it signals a need to reevaluate their positions and consider taking profits. The table below outlines the current ratings from analysts covering REV Group Inc:

Recent REVG Analyst Ratings Breakdown
»	Current	1 Month Ago	2 Months Ago	3 Months Ago
Strong buy ratings:	2	2	2	2
Buy ratings:	0	0	0	0
Hold ratings:	0	1	1	1
Sell ratings:	1	0	0	0
Strong sell ratings:	1	1	1	1
Average rating:	2.68	2.5	2.5	2.5

The average rating listed above is scored from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Strong Sell. This article relies on data from Zacks Investment Research provided via Quandl.com.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.