Lake Street initiated coverage on Raven Industries with a new price target
$RAVN
Specialty Chemicals
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Lake Street initiated coverage of Raven Industries with a rating of Buy and set a new price target of $50.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2021 | Market Outperform → Market Perform | CJS Securities |
4 - RAVEN INDUSTRIES INC (0000082166) (Issuer)
4 - RAVEN INDUSTRIES INC (0000082166) (Issuer)
4 - RAVEN INDUSTRIES INC (0000082166) (Issuer)
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SC 13G/A - RAVEN INDUSTRIES INC (0000082166) (Subject)
15-12B - RAVEN INDUSTRIES INC (0000082166) (Filer)
8-K - RAVEN INDUSTRIES INC (0000082166) (Filer)
S-8 POS - RAVEN INDUSTRIES INC (0000082166) (Filer)
Acquisition Drives Additional Value as Opportunities Increase Raven Industries, Inc. ((the Company, NASDAQ:RAVN) announced today that Raven Aerostar, the world leader in high altitude lighter-than-air technology, has acquired intellectual property (IP) and patents from Loon, LLC (formerly known as Project Loon), a subsidiary of Alphabet Inc. and the developer of an autonomous constellation of high-altitude balloons for communications. In January, Alphabet announced the wind down of Loon. The 176 assets acquired by Raven are directly related to stratospheric balloon technology, including balloon navigation, launching operations and balloon manufacturing. Raven Aerostar continues to deliver
Raven Industries, Inc. ((the Company, NASDAQ:RAVN) today reported financial results for the second quarter that ended July 31, 2021. Second Quarter Fiscal 2022 Noteworthy Items: Company entered into an agreement to be acquired by CNH Industrial N.V. in an all-cash transaction that values the Company at approximately $2.1 billion, or $58.00 per share; Consolidated net sales were $114.4 million, an increase of 34.3 percent versus the prior year; Company reported diluted earnings per share of $0.19, an increase of 18.8 percent versus the prior year; Second quarter results included $4.9 million pre-tax and $3.8 million after-tax of acquisition related expenses, or $0.10 per diluted sha
Applied Technology Division Sets Record Quarterly Revenue Raven Industries, Inc. ((the Company, NASDAQ:RAVN) today reported financial results for the first quarter that ended April 30, 2021. First Quarter Fiscal 2022 Noteworthy Items: Consolidated net sales were $112.5 million, an increase of 30.0 percent versus the prior year; Company reported diluted earnings per share of $0.26, an increase of $0.15 or 136 percent versus the prior year; Applied Technology generated record quarterly revenue of $54.9 million, an increase of 30.6 percent versus the prior year, driven by significant growth in both the OEM and aftermarket channels; Applied Technology secured orders for 36 OMNiDRIVE™
CJS Securities downgraded Raven Industries from Market Outperform to Market Perform
Lake Street downgraded Raven Industries from Buy to Hold and set a new price target of $58.00 from $55.00 previously
Lake Street downgraded Raven Industries from Buy to Hold
NEW YORK, Nov. 24, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 2: Bruker BioSciences Corp. (NASD:BRKR) will replace KAR Auction Services Inc. (NYSE:KAR) in the S&P MidCap 400, and KAR Auction Services will replace Meredith Corp. (NYSE:MDP) in the S&P SmallCap 600. Meredith is being acquired in a two-step transaction that is expected to be completed on or about December 1. KAR Auctions is more representative of the small-cap market space.Cars.com Inc. (NYSE:CARS) will replace DSP Group Inc. (NASD:DSPG) in the S&P SmallCap 600. S&P MidCap 400 constituent Sy
Raven Aerostar to Provide Robust High-Altitude Capabilities That Meet Department of Defense Operational Needs Raven Industries, Inc. ((the Company, NASDAQ:RAVN) announced today that Defense Innovation Unit (DIU) has awarded a contract to Aerostar Technical Solutions, Inc. (Raven Aerostar) to provide robust high-altitude capabilities for the U.S. Department of Defense. DIU is focused on exclusively fielding and scaling commercial technology for use across the U.S. military. Through a variety of service-driven prototyping and field utility demonstration efforts, Raven Aerostar will demonstrate the utility of stratospheric balloons for a variety of DoD operational needs. The prototype project
South Dakota Mines' Department of Electrical Engineering has received $150,000 from Raven Industries (NASDAQ:RAVN) to support the university's new minor in avionics. The company's Aerostar division is the global leader in stratospheric balloon technology, and its platforms are used for near-space applications in aerospace, defense and scientific research. The gift endows a Raven Aerostar scholarship to support students in the avionics program. It also allows the department to buy equipment for improved design, test and prototyping capabilities for high-speed electronic circuits needed in aircraft and space avionics applications. This press release features multimedia. View the full release
Raven Aerostar to Provide Robust High-Altitude Capabilities That Meet Department of Defense Operational Needs SIOUX FALLS, S.D.--(BUSINESS WIRE)-- Raven Industries, Inc. ((the Company, NASDAQ:RAVN) announced today that Defense Innovation Unit (DIU) has awarded a contract to Aerostar Technical Solutions, Inc. (Raven Aerostar) to provide robust high-altitude capabilities for the U.S. Department of Defense. DIU is focused on exclusively fielding and scaling commercial technology for use across the U.S. military. Through a variety of service-driven prototyping and field utility demonstration efforts, Raven Aerostar will demonstrate the utility of stratospheric balloons for a variety of DoD oper
SIOUX FALLS, S.D.--(BUSINESS WIRE)--Raven Industries, Inc. (the Company; NASDAQ:RAVN), a diversified technology leader in agriculture, high-performance specialty films, and aerospace and defense solutions, announced the appointment of Taimur Sharih as Chief Financial Officer, effective March 1. “Taimur’s leadership and track record of driving results and transformational growth fits exceptionally well with Raven’s bold strategy,” said Dan Rykhus, President and Chief Executive Officer. “Taimur brings 25 years of leadership and financial experience in a variety of businesses and global markets, where he’s been responsible for supporting sizeable operations and leading high-performi
WESTMINSTER, Colo.--(BUSINESS WIRE)--Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the appointment of Dr. Heather Wilson to serve on the Company’s Board of Directors. Dr. Wilson will serve as a Director for a term expiring at the Company’s 2021 Annual Meeting of Stockholders when she will stand for election by the stockholders. Dr. Wilson, age 60, has served as President of The University of Texas at El Paso since 2019. Previously, she was the Secretary of the United States Air Force from May 2017 through May 2019. From 1998 to 2009, Dr. Wilson represented Albuquerque, New Mexico in the U