Somewhat Favorable News Coverage Somewhat Unlikely to Impact Raven Industries (RAVN) Stock Price

News stories about Raven Industries (NASDAQ:RAVN) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Raven Industries earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the conglomerate an impact score of 46.7586253471377 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Raven Industries (RAVN) opened at $34.45 on Wednesday. The company has a market cap of $1,253.23, a P/E ratio of 33.77, a price-to-earnings-growth ratio of 3.44 and a beta of 1.48. Raven Industries has a 12 month low of $23.65 and a 12 month high of $38.35.

Raven Industries (NASDAQ:RAVN) last released its earnings results on Monday, November 20th. The conglomerate reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.10. The firm had revenue of $101.35 million during the quarter, compared to analysts’ expectations of $84.54 million. Raven Industries had a net margin of 10.56% and a return on equity of 13.88%. analysts predict that Raven Industries will post 1.02 EPS for the current year.

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.52 annualized dividend and a yield of 1.51%. Raven Industries’s payout ratio is currently 50.98%.

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

A number of research analysts have recently weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price objective on shares of Raven Industries in a research note on Sunday, October 1st. Zacks Investment Research raised shares of Raven Industries from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, December 8th. BidaskClub cut shares of Raven Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Dougherty & Co cut shares of Raven Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Raven Industries presently has a consensus rating of “Hold” and an average target price of $35.00.

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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).

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