Raven Industries (RAVN)
by Zacks Equity ResearchJanuary 05, 2012 | Comments : 0 Recommended this article: (0)
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Further, Raven's debt-free balance sheet and solid cash flows provide the scope to fund future growth and increase dividends. Thus, we issue a recommendation of Outperform with a target price of $73.00.
The stock is trading at a premium of 61% over the peer group average based on 2012 earnings estimates. However, our long-term Outperform recommendation on the stock indicates that it will perform better than the market. Our target price, based on a multiple of 27.5 and our 2012 EPS estimate, reflects this view.
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