Valspar Corp. (NYSE:VAL) Receives Consensus Recommendation of “Hold” from Analysts
Valspar Corp. (NYSE:VAL) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $98.97.
VAL has been the subject of several research analyst reports. Barclays PLC set a $110.00 target price on Valspar Corp. and gave the company a “hold” rating in a research note on Monday, September 12th. Zacks Investment Research upgraded Valspar Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Deutsche Bank AG restated a “hold” rating on shares of Valspar Corp. in a research note on Thursday, September 8th. Finally, Morgan Stanley restated a “sell” rating on shares of Valspar Corp. in a research note on Thursday, June 16th.
Shares of Valspar Corp. (NYSE:VAL) traded down 0.02% during midday trading on Friday, hitting $105.43. 343,086 shares of the company’s stock traded hands. The company has a 50 day moving average of $105.88 and a 200 day moving average of $106.76. Valspar Corp. has a 52 week low of $72.98 and a 52 week high of $108.97. The stock has a market cap of $8.37 billion, a P/E ratio of 24.23 and a beta of 1.53.
Valspar Corp. (NYSE:VAL) last released its earnings results on Wednesday, September 7th. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.12. The company earned $1.14 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Valspar Corp. had a return on equity of 41.74% and a net margin of 8.31%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. On average, equities analysts forecast that Valspar Corp. will post $4.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.32 annualized dividend and a yield of 1.25%. Valspar Corp.’s dividend payout ratio is 30.41%.
A number of hedge funds have recently added to or reduced their stakes in VAL. Evercore Wealth Management LLC raised its stake in Valspar Corp. by 6.1% in the second quarter. Evercore Wealth Management LLC now owns 2,095 shares of the company’s stock valued at $226,000 after buying an additional 120 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Valspar Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,589 shares of the company’s stock valued at $1,360,000 after buying an additional 49 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in Valspar Corp. during the second quarter valued at about $3,593,000. Front Street Capital Management Inc. acquired a new stake in Valspar Corp. during the second quarter valued at about $10,944,000. Finally, Wolverine Asset Management LLC raised its stake in Valspar Corp. by 3,680.8% in the second quarter. Wolverine Asset Management LLC now owns 68,395 shares of the company’s stock valued at $7,388,000 after buying an additional 66,586 shares in the last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.
Valspar Corp. Company Profile
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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