Tuesday, January 27, 2009

Raven Industries - RAVN

Raven Industries (RAVN) is an industrial manufacturing company consisting of three Raven divisions and one subsidiary: Engineered Films, Flow Controls, Electronic Systems and Aerostar International.

The company has practically no debt and has consistently grown sales and earnings in recent years. Raven Industries (RAVN) boasts an excellent ROI of 26.2% over the past 5 years, compared to just 12.8% for the S&P 500. The company has a long track record of success and the stock price should soon recover from close to its 52 week low of $20.60.

Raven Industries(RAVN) currently trades at a trailing P/E of 12.87 and I anticipate a 12-month price target of $40 as the economic outlook improves in the second half of the year.

Disclosure: At the time of writing the author did not hold shares in Raven Industries (RAVN).

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