Raven Industries (NASDAQ:RAVN) was downgraded by stock analysts at Dougherty & Co from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, The Fly reports.

Other equities research analysts have also recently issued reports about the stock. Piper Jaffray Companies set a $31.00 price objective on shares of Raven Industries and gave the company a “hold” rating in a research note on Friday, August 25th. SunTrust Banks began coverage on shares of Raven Industries in a research note on Friday, August 18th. They set a “hold” rating and a $36.00 price objective on the stock. Finally, BidaskClub cut shares of Raven Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.50.

Raven Industries (RAVN) opened at $36.75 on Tuesday. Raven Industries has a 1-year low of $23.65 and a 1-year high of $38.35. The stock has a market cap of $1,344.41, a price-to-earnings ratio of 36.86, a PEG ratio of 3.94 and a beta of 1.48.

Raven Industries (NASDAQ:RAVN) last announced its quarterly earnings results on Monday, November 20th. The conglomerate reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. Raven Industries had a net margin of 10.56% and a return on equity of 13.88%. The company had revenue of $101.35 million during the quarter, compared to the consensus estimate of $84.54 million. research analysts anticipate that Raven Industries will post 0.95 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new stake in Raven Industries in the third quarter worth about $100,000. Ameritas Investment Partners Inc. increased its stake in Raven Industries by 8.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,174 shares of the conglomerate’s stock worth $106,000 after purchasing an additional 257 shares in the last quarter. Schroder Investment Management Group purchased a new position in Raven Industries in the 2nd quarter worth about $111,000. Quantbot Technologies LP increased its stake in Raven Industries by 115.9% in the 2nd quarter. Quantbot Technologies LP now owns 3,364 shares of the conglomerate’s stock worth $112,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Raven Industries by 1,450.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,690 shares of the conglomerate’s stock worth $120,000 after purchasing an additional 3,452 shares in the last quarter. Hedge funds and other institutional investors own 74.10% of the company’s stock.

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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).

The Fly

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