Shares of Raven Industries, Inc. (NASDAQ:RAVN) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $35.00.

A number of research firms have recently issued reports on RAVN. Piper Jaffray Companies set a $31.00 price objective on shares of Raven Industries and gave the stock a “hold” rating in a report on Friday, August 25th. Dougherty & Co reaffirmed a “buy” rating on shares of Raven Industries in a report on Friday, August 18th. SunTrust Banks began coverage on shares of Raven Industries in a report on Friday, August 18th. They set a “hold” rating and a $36.00 price objective for the company. Zacks Investment Research raised shares of Raven Industries from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Friday, December 8th. Finally, BidaskClub downgraded shares of Raven Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th.

Raven Industries (NASDAQ:RAVN) traded up $0.35 during midday trading on Friday, hitting $34.15. 89,607 shares of the stock were exchanged, compared to its average volume of 156,483. Raven Industries has a 52 week low of $23.65 and a 52 week high of $38.35. The company has a market cap of $1,210.00, a P/E ratio of 33.14, a P/E/G ratio of 3.31 and a beta of 1.48.

Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings data on Monday, November 20th. The conglomerate reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Raven Industries had a net margin of 10.56% and a return on equity of 13.88%. The company had revenue of $101.35 million during the quarter, compared to the consensus estimate of $84.54 million. equities research analysts forecast that Raven Industries will post 1.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, January 11th. Raven Industries’s dividend payout ratio is presently 50.98%.

Raven Industries announced that its board has authorized a stock repurchase program on Monday, December 4th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

A number of institutional investors have recently bought and sold shares of RAVN. Teachers Advisors LLC lifted its stake in Raven Industries by 3.2% in the first quarter. Teachers Advisors LLC now owns 61,460 shares of the conglomerate’s stock worth $1,785,000 after purchasing an additional 1,877 shares during the last quarter. Capstone Asset Management Co. bought a new stake in Raven Industries in the second quarter worth $201,000. Aperio Group LLC lifted its stake in Raven Industries by 13.5% in the second quarter. Aperio Group LLC now owns 10,644 shares of the conglomerate’s stock worth $354,000 after purchasing an additional 1,264 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Raven Industries by 4.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,520 shares of the conglomerate’s stock worth $284,000 after purchasing an additional 390 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Raven Industries by 6.4% in the second quarter. Great West Life Assurance Co. Can now owns 52,826 shares of the conglomerate’s stock worth $1,757,000 after purchasing an additional 3,165 shares during the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Raven Industries, Inc. (RAVN) Receives $35.00 Average PT from Brokerages” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/12/13/raven-industries-inc-ravn-receives-35-00-average-pt-from-brokerages.html.

Raven Industries Company Profile

Raven Industries, Inc is a diversified technology company providing a range of products to customers within the industrial, agricultural, energy, construction and defense markets. The Company operates through three segments: Applied Technology Division (Applied Technology), Engineered Films Division (Engineered Films) and Aerostar Division (Aerostar).

Receive News & Stock Ratings for Raven Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raven Industries and related stocks with our FREE daily email newsletter.