News coverage about Raven Industries (NASDAQ:RAVN) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. 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 news sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 47.4120569770401 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Shares of Raven Industries traded up $0.30, reaching $39.10, during mid-day trading on Wednesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 240 shares, compared to its average volume of 119,867. Raven Industries has a 12-month low of $26.70 and a 12-month high of $42.40. The company has a market cap of $1.40 billion, a P/E ratio of 34.30, a PEG ratio of 2.45 and a beta of 1.52.
Raven Industries (NASDAQ:RAVN) last released its quarterly earnings data on Thursday, May 17th. The conglomerate reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Raven Industries had a return on equity of 17.03% and a net margin of 12.87%. The business had revenue of $111.13 million for the quarter. analysts forecast that Raven Industries will post 1.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, July 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.33%. Raven Industries’s payout ratio is currently 45.61%.
Several brokerages have weighed in on RAVN. Zacks Investment Research upgraded Raven Industries from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, May 23rd. ValuEngine downgraded Raven Industries from a “buy” rating to a “hold” rating in a report on Friday, May 18th. Dougherty & Co upgraded Raven Industries from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, March 8th. Finally, BidaskClub upgraded Raven Industries from a “hold” rating to a “buy” rating in a report on Saturday, May 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $37.50.
About Raven Industries
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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