Raven Industries (RAVN) Lowered to “Hold” at BidaskClub
Raven Industries (NASDAQ:RAVN) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
RAVN has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Raven Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. ValuEngine raised shares of Raven Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Raven Industries currently has a consensus rating of “Buy” and an average price target of $37.50.
Shares of RAVN opened at $45.60 on Tuesday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 40.00, a P/E/G ratio of 2.93 and a beta of 1.63. Raven Industries has a 52-week low of $30.85 and a 52-week high of $49.80.
Hedge funds and other institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its holdings in Raven Industries by 441.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,250 shares of the conglomerate’s stock valued at $125,000 after acquiring an additional 2,650 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Raven Industries by 82.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,649 shares of the conglomerate’s stock valued at $128,000 after buying an additional 1,650 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Raven Industries by 61.4% during the first quarter. Russell Investments Group Ltd. now owns 4,357 shares of the conglomerate’s stock valued at $153,000 after buying an additional 1,657 shares in the last quarter. Savant Capital LLC purchased a new stake in Raven Industries during the second quarter valued at about $201,000. Finally, United Services Automobile Association purchased a new stake in Raven Industries during the second quarter valued at about $212,000. 74.35% of the stock is owned by institutional investors.
Raven Industries Company Profile
Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, and aerospace/defense markets worldwide. The company operates in three segments: Applied Technology, Engineered Films, and Aerostar. The Applied Technology segment designs, manufactures, sells, and services precision agriculture products and information management tools that enable growers to enhance farm yields.
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