Valspar Corp. (VAL) Receives $96.85 Average Price Target from Analysts
Valspar Corp. (NYSE:VAL) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $96.85.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Valspar Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. Deutsche Bank AG reissued a “hold” rating on shares of Valspar Corp. in a report on Thursday, September 8th. Finally, Barclays PLC set a $110.00 price objective on Valspar Corp. and gave the stock a “hold” rating in a report on Monday, September 12th.
Valspar Corp. (NYSE:VAL) opened at 102.40 on Friday. Valspar Corp. has a 12-month low of $72.98 and a 12-month high of $108.97. The firm has a market capitalization of $8.13 billion, a PE ratio of 23.53 and a beta of 1.65. The stock has a 50 day moving average price of $103.99 and a 200-day moving average price of $106.15.
Valspar Corp. (NYSE:VAL) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.12. Valspar Corp. had a return on equity of 41.74% and a net margin of 8.31%. The business earned $1.14 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company posted $1.33 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Valspar Corp. will post $4.92 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Valspar Corp. during the second quarter worth about $24,358,000. ING Groep NV acquired a new stake in Valspar Corp. during the second quarter worth about $10,802,000. Renaissance Technologies LLC raised its stake in Valspar Corp. by 253.6% in the first quarter. Renaissance Technologies LLC now owns 276,400 shares of the company’s stock worth $29,580,000 after buying an additional 198,225 shares during the last quarter. Geode Capital Management LLC raised its stake in Valspar Corp. by 5.7% in the first quarter. Geode Capital Management LLC now owns 438,997 shares of the company’s stock worth $46,981,000 after buying an additional 23,496 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Valspar Corp. during the first quarter worth about $83,668,000. 71.89% of the stock is owned by institutional investors and hedge funds.
About 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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