The Valspar Corp (NYSE:VAL) has received a consensus recommendation of “Hold” from the six analysts that are covering the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $115.89.
A number of equities analysts recently commented on the company. Zacks Investment Research lowered The Valspar Corp from a “hold” rating to a “sell” rating in a research note on Friday, December 23rd. Credit Suisse Group AG set a $111.00 price target on The Valspar Corp and gave the company a “hold” rating in a research note on Friday, January 27th.
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The Valspar Corp (NYSE:VAL) traded down 0.07% during mid-day trading on Monday, reaching $112.33. 654,868 shares of the company’s stock were exchanged. The Valspar Corp has a one year low of $97.62 and a one year high of $112.50. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 26.71 and a beta of 1.63. The stock has a 50-day moving average of $111.43 and a 200-day moving average of $106.92.
The Valspar Corp (NYSE:VAL) last announced its quarterly earnings results on Wednesday, March 8th. The specialty chemicals company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.23. The Valspar Corp had a net margin of 8.42% and a return on equity of 39.26%. The firm had revenue of $907.70 million for the quarter, compared to the consensus estimate of $893.56 million. During the same period in the previous year, the company posted $0.66 earnings per share. The Valspar Corp’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that The Valspar Corp will post $4.61 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Oakbrook Investments LLC raised its stake in The Valspar Corp by 1.3% in the third quarter. Oakbrook Investments LLC now owns 3,825 shares of the specialty chemicals company’s stock valued at $406,000 after buying an additional 50 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in The Valspar Corp by 2.2% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,679 shares of the specialty chemicals company’s stock valued at $381,000 after buying an additional 78 shares during the last quarter. Accredited Investors Inc. raised its stake in The Valspar Corp by 1.0% in the third quarter. Accredited Investors Inc. now owns 10,152 shares of the specialty chemicals company’s stock valued at $1,077,000 after buying an additional 104 shares during the last quarter. Creative Planning raised its stake in The Valspar Corp by 3.6% in the first quarter. Creative Planning now owns 4,859 shares of the specialty chemicals company’s stock valued at $539,000 after buying an additional 170 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in The Valspar Corp by 1.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,800 shares of the specialty chemicals company’s stock valued at $1,146,000 after buying an additional 200 shares during the last quarter. 69.60% of the stock is owned by institutional investors.
About The Valspar Corp
The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two segments: Coatings and Paints. The Coatings segment includes its industrial product lines and packaging product line. The Company offers decorative and protective coatings for metal, wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Africa, Asia, Australia, Europe, North America and South America.
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