Oppenheimer Gives a Buy Rating to Raven (RAVN)


In a report released today, Kristen Owen from Oppenheimer assigned a Buy rating to Raven (RAVN), with a price target of $28.00. The company’s shares closed last Tuesday at $24.23.

Owen has an average return of 6.7% when recommending Raven.

According to TipRanks.com, Owen is ranked #4964 out of 7117 analysts.

Raven has an analyst consensus of Moderate Buy, with a price target consensus of $30.00.

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Based on Raven’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $85.18 million and net profit of $5.82 million. In comparison, last year the company earned revenue of $98.06 million and had a net profit of $8.77 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RAVN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Raven Industries, Inc. engages in the provision of technology products and solutions for the industrial, agricultural, energy, construction, and aerospace or defense industries. It operates through the following segments: Applied Technology, Engineered Films, Aerostar, and Corporate and Other. The Applied Technology segment designs, manufactures, sells, and services innovative precision agriculture products and information management tools that help growers reduce costs, control inputs, and improve farm yields to original equipment manufacturers. The Engineered Films segment produces and sells high-performance plastic films and sheeting to both direct to end-customers. The Aerostar segment offers high-altitude balloons, tethered aerostats, and radar processing systems. The Corporate and Other segment covers general and administrative expenses. The company was founded by J. R. Smith, Paul Edward Yost, Thon Duwayne, and Joseph Kaliszewski in February 1956 and is headquartered in Sioux Falls, SD.

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