What’s Propelling Raven Industries, Inc. (RAVN) to Increase So Much?

September 17, 2017 - By Linda Rogers

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.91, from 1.74 in 2016Q3. It turned negative, as 13 investors sold Raven Industries, Inc. shares while 56 reduced holdings. 18 funds opened positions while 39 raised stakes. 25.98 million shares or 4.97% less from 27.34 million shares in 2016Q3 were reported.
Globeflex Limited Partnership holds 0.25% or 40,200 shares. Profit Invest Mgmt Ltd Co owns 24,159 shares for 0.58% of their portfolio. Pub Sector Pension Invest Board, Quebec – Canada-based fund reported 26,600 shares. Tower Rech Lc (Trc) holds 0% in Raven Industries, Inc. (NASDAQ:RAVN) or 885 shares. 6,851 were reported by Bnp Paribas Arbitrage Sa. Metropolitan Life Ins Company has 0% invested in Raven Industries, Inc. (NASDAQ:RAVN). Blackrock Institutional Na holds 0% or 974,836 shares. 130,008 were reported by Bancshares Of America Corp De. Loomis Sayles & Lp holds 0.03% or 490,488 shares. Glenmede Na reported 0% stake. Jpmorgan Chase And reported 0% stake. Prudential has invested 0% in Raven Industries, Inc. (NASDAQ:RAVN). Geode Capital Lc holds 0% of its portfolio in Raven Industries, Inc. (NASDAQ:RAVN) for 275,042 shares. Independent Consultants holds 505 shares. Confluence Investment Ltd Co accumulated 120,606 shares.

The stock of Raven Industries, Inc. (NASDAQ:RAVN) is a huge mover today! The stock increased 3.65% or $1.1 on September 15, reaching $31.2. About 486,578 shares traded or 146.44% up from the average. Raven Industries, Inc. (NASDAQ:RAVN) has risen 85.16% since September 17, 2016 and is uptrending. It has outperformed by 68.46% the S&P500.
The move comes after 7 months positive chart setup for the $1.13 billion company. It was reported on Sep, 17 by Barchart.com. We have $34.01 PT which if reached, will make NASDAQ:RAVN worth $101.70M more.

Investors wait Raven Industries, Inc. (NASDAQ:RAVN) to report on February, 21. its quarterly earnings Wall Street analysts expect $0.22 EPS, up $0.06 or 37.50 % from last year’s $0.16 same quarter earnings. This translates into $7.97 million profit for RAVN giving the stock a 35.45 P/E. This is assuming the current $0.22 EPS is accurate. Raven Industries, Inc.’s Wall Street analysts see -4.35 % negative EPS growth, taking into account the $0.23 EPS reproted in the previous quarter,

Raven Industries, Inc. (NASDAQ:RAVN) Ratings Coverage

Among 3 analysts covering Raven Industries (NASDAQ:RAVN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Raven Industries had 6 analyst reports since March 11, 2016 according to SRatingsIntel. As per Friday, February 17, the company rating was upgraded by Dougherty & Company. As per Thursday, December 15, the company rating was initiated by Piper Jaffray. Piper Jaffray maintained the shares of RAVN in report on Thursday, August 24 with “Hold” rating. Dougherty & Company downgraded Raven Industries, Inc. (NASDAQ:RAVN) on Friday, March 11 to “Neutral” rating. Piper Jaffray maintained the shares of RAVN in report on Thursday, July 27 with “Hold” rating.

More notable recent Raven Industries, Inc. (NASDAQ:RAVN) news were published by: Globenewswire.com which released: “Raven Industries Announces Additional Production Capacity in Midland, Texas” on March 01, 2017, also Globenewswire.com with their article: “Raven Industries Signs Agreement to Acquire Colorado Lining International” published on August 22, 2017, Globenewswire.com published: “Raven Industries Executive Named University President” on February 22, 2017. More interesting news about Raven Industries, Inc. (NASDAQ:RAVN) were released by: Seekingalpha.com and their article: “Raven Industries’ (RAVN) CEO Daniel Rykhus on Fiscal Q4 2017 Results …” published on March 28, 2017 as well as Seekingalpha.com‘s news article titled: “Raven Industries’ (RAVN) CEO Dan Rykhus on Q1 2018 Results – Earnings Call …” with publication date: May 23, 2017.

Raven Industries, Inc. is a diversified technology firm providing a range of products to clients within the industrial, agricultural, energy, construction and defense markets. The company has market cap of $1.13 billion. The Firm operates through three divisions: Applied Technology Division , Engineered Films Division (Engineered Films) and Aerostar Division (Aerostar). It has a 37.01 P/E ratio. The Applied Technology segment designs, makes, sells and services precision agriculture products and information management tools for growers.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.