Saturday, June 25, 2022

Investing in REV (Revlon Inc.): What You Must Know

Jefferies initiated its Revlon Inc. [REV] rating to a Hold in a research note published on Tuesday, September 13, 2017; the price target was $16. PT values the company’s stock at a premium of 62.13 to its Tuesday closing price. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in early November from “a Market perform” to “an Outperform”. BMO Capital Markets began covering REV with a “Market perform” recommendation on August 28, 2007. Sun Trust Rbsn Humphrey revised its rating on August 03, 2007. It rated REV as “a Neutral” which previously was an “a Buy”.


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Price Performance Review of REV

On Tuesday, Revlon Inc. [NYSE:REV] saw its stock jump 62.47% to $6.06. On the same session, the stock had its day’s lowest price of $3.73, but rose to a high of $6.95. Over the last five days, the stock has gained 417.95%. Revlon Inc. shares have fallen nearly -46.56% since the year began. Nevertheless, the stocks have fallen -57.11% over the past one year. While a 52-week high of $17.65 was reached on 01/04/22, a 52-week low of $1.08 was recorded on 06/13/22. SMA at 50 days reached $5.08, while 200 days put it at $9.17. A total of 183.96 million shares were traded, compared to the trading of 146.31 million shares in the previous session.

Levels Of Support And Resistance For REV Stock

The 24-hour chart illustrates a support level at 4.21, which if violated will result in even more drops to 2.36. On the upside, there is a resistance level at 7.43. A further resistance level may holdings at 8.80. The Relative Strength Index (RSI) on the 14-day chart is 61.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.16%. Stochastics %K at 75.14% indicates the stock is a holding.

Revlon Inc. [REV] – Who Are The Largest Shareholders?

In filings from Mittleman Investment Management L, it is revealed that the company now owns 1,368,181 shares, or roughly 2.51% of the outstanding REV shares. In other words, the investor’s shares have risen by 18,485 from its previous 13-F filing of 1349696.0. Additionally, Alberta Investment Management Cor decreased 0.00% of its stake after which the total value it holdings stand at $4,222,971, while The Vanguard Group, Inc. reduced -11.06% of its stake to hold $2.53 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 1,599 shares of Revlon Inc., while SSgA Funds Management, Inc. bought -1,019 shares. At present, Geode Capital Management LLC is holding 122,873 shares valued at $0.51 million. Berylson Capital Partners LLC owned 113,541 shares of the company at the time of its most recent 13F filing, worth $0.48 million.

According to FactSet, Revlon Inc.’s share price will average $8.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 127.88 percent from its previous closing price of $3.73. Analysts expect Revlon Inc. stock to reach the higher price of $8.50, while the lowest price estimate is $8.50.

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