Raven Industries (RAVN) Getting Somewhat Favorable Press Coverage, Report Finds

Media coverage about Raven Industries (NASDAQ:RAVN) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news 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 daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the conglomerate an impact score of 90 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s rankings:

Several brokerages have commented on RAVN. Piper Jaffray Companies set a $33.00 target price on shares of Raven Industries and gave the stock a “hold” rating in a research report on Thursday. BidaskClub lowered shares of Raven Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Raven Industries currently has a consensus rating of “Buy” and a consensus price target of $29.00.

Raven Industries (NASDAQ:RAVN) traded up 0.74% during midday trading on Friday, hitting $34.25. 53,463 shares of the company traded hands. The stock has a 50 day moving average of $34.52 and a 200 day moving average of $30.54. The stock has a market cap of $1.24 billion, a P/E ratio of 45.85 and a beta of 1.35. Raven Industries has a 12-month low of $20.21 and a 12-month high of $37.40.

Raven Industries (NASDAQ:RAVN) last announced its earnings results on Monday, May 22nd. The conglomerate reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.10. Raven Industries had a return on equity of 10.32% and a net margin of 8.85%. The business had revenue of $93.54 million during the quarter. Equities research analysts predict that Raven Industries will post $0.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a $0.13 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.52%. Raven Industries’s dividend payout ratio (DPR) is 70.27%.

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About Raven Industries

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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