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.

Raven Industries (NASDAQ:RAVN) last announced its earnings results on Wednesday, August 22nd. The conglomerate reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The firm had revenue of $102.68 million during the quarter. Raven Industries had a net margin of 13.69% and a return on equity of 18.75%. equities analysts forecast that Raven Industries will post 1.59 earnings per share for the current fiscal year.

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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