For Raven Industries Inc. [RAVN], Analyst sees a rise to $50. What next?

Raven Industries Inc. [NASDAQ: RAVN] surged by $19.03 during the normal trading session on Monday and reaching a high of $57.91 during the day while it closed the day at $57.65. The company report on June 22, 2021 that SHAREHOLDER ALERT: WeissLaw LLP Investigates Raven Industries, Inc..

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WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Raven Industries, Inc. (“Raven” or the “Company”) (NASDAQ: RAVN) in connection with the proposed acquisition of the Company by CNH Industrial N.V. (NYSE: CNHI / MI: CNHI). Under the terms of the merger agreement, the Company’s shareholders will receive $58.00 per share in cash for each share of Raven common stock that they hold. The transaction is valued at approximately $2.1 billion.

Raven Industries Inc. stock has also gained 34.10% of its value over the past 7 days. However, RAVN stock has inclined by 59.83% in the 3 months of the year. Over the past six months meanwhile, it has gained 70.56% and gained 74.22% year-on date.

The market cap for RAVN stock reached $2.19 billion, with 36.04 million shares outstanding and 35.37 million shares in the current float. Compared to the average trading volume of 277.22K shares, RAVN reached a trading volume of 7840513 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Raven Industries Inc. [RAVN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RAVN shares is $49.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RAVN stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Lake Street have made an estimate for Raven Industries Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 19, 2021. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on June 19, 2020, representing the official price target for Raven Industries Inc. stock. Previously, the target price had yet another raise to $30, while National Securities analysts kept a Buy rating on RAVN stock.

The Average True Range (ATR) for Raven Industries Inc. is set at 2.74, with the Price to Sales ratio for RAVN stock in the period of the last 12 months amounting to 5.84. The Price to Book ratio for the last quarter was 6.04, with the Price to Cash per share for the same quarter was set at 0.47. Price to Free Cash Flow for RAVN in the course of the last twelve months was 158.50 with Quick ratio for the last quarter at 1.60.

RAVN stock trade performance evaluation

Raven Industries Inc. [RAVN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 34.10. With this latest performance, RAVN shares gained by 35.33% in over the last four-week period, additionally plugging by 70.56% over the last 6 months – not to mention a rise of 174.52% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RAVN stock in for the last two-week period is set at 74.92, with the RSI for the last a single of trading hit 78.52, and the three-weeks RSI is set at 71.90 for Raven Industries Inc. [RAVN]. The present Moving Average for the last 50 days of trading for this stock 42.11, while it was recorded at 44.53 for the last single week of trading, and 33.71 for the last 200 days.

Raven Industries Inc. [RAVN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Raven Industries Inc. [RAVN] shares currently have an operating margin of +5.52 and a Gross Margin at +33.69. Raven Industries Inc.’s Net Margin is presently recorded at +5.42.

Return on Total Capital for RAVN is now 5.63, given the latest momentum, and Return on Invested Capital for the company is 5.75. Return on Equity for this stock inclined to 5.84, with Return on Assets sitting at 4.65. When it comes to the capital structure of this company, Raven Industries Inc. [RAVN] has a Total Debt to Total Equity ratio set at 2.98. Additionally, RAVN Total Debt to Total Capital is recorded at 2.90, with Total Debt to Total Assets ending up at 2.42. Long-Term Debt to Equity for the company is recorded at 2.24, with the Long-Term Debt to Total Capital now at 2.17.

Reflecting on the efficiency of the workforce at the company, Raven Industries Inc. [RAVN] managed to generate an average of $14,633 per employee. Receivables Turnover for the company is 6.11 with a Total Asset Turnover recorded at a value of 0.86.Raven Industries Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.60.

Earnings per share (EPS) analysis for Raven Industries Inc. [RAVN] stock

With the latest financial reports released by the company, Raven Industries Inc. posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 300.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RAVN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Raven Industries Inc. go to 10.00%.

Raven Industries Inc. [RAVN]: Insider Ownership positions

There are presently around $1,138 million, or 82.50% of RAVN stock, in the hands of institutional investors. The top three institutional holders of RAVN stocks are: BLACKROCK INC. with ownership of 5,902,946, which is approximately 7.646% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 3,753,474 shares of the stock with an approximate value of $144.96 million in RAVN stocks shares; and BANK OF NEW YORK MELLON CORP, currently with $60.41 million in RAVN stock with ownership of nearly 26.631% of the company’s market capitalization.

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Positions in Raven Industries Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 88 institutional holders increased their position in Raven Industries Inc. [NASDAQ:RAVN] by around 3,747,704 shares. Additionally, 82 investors decreased positions by around 3,030,600 shares, while 38 investors held positions by with 22,679,027 shares. The mentioned changes placed institutional holdings at 29,457,331 shares, according to the latest SEC report filing. RAVN stock had 30 new institutional investments in for a total of 893,863 shares, while 24 institutional investors sold positions of 318,619 shares during the same period.

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