Valspar Corp. (NYSE:VAL) has earned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the firm. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $98.97.
VAL has been the subject of a number of recent analyst reports. Zacks Investment Research raised Valspar Corp. from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Deutsche Bank AG reissued a “hold” rating on shares of Valspar Corp. in a research report on Thursday, September 8th. Morgan Stanley reissued a “sell” rating on shares of Valspar Corp. in a research report on Thursday, June 16th. Finally, Barclays PLC set a $110.00 price objective on Valspar Corp. and gave the stock a “hold” rating in a research report on Monday, September 12th.
Several institutional investors have recently added to or reduced their stakes in VAL. Mizuho Asset Management Co. Ltd. bought a new position in Valspar Corp. during the second quarter worth $110,000. Mn Services Vermogensbeheer B.V. acquired a new position in shares of Valspar Corp. during the second quarter valued at $185,000. Daiwa Securities Group Inc. acquired a new position in shares of Valspar Corp. during the second quarter valued at $205,000. Eqis Capital Management Inc. acquired a new position in shares of Valspar Corp. during the second quarter valued at $210,000. Finally, Creative Planning raised its position in shares of Valspar Corp. by 1.1% in the second quarter. Creative Planning now owns 1,983 shares of the company’s stock valued at $214,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 71.87% of the company’s stock.
Shares of Valspar Corp. (NYSE:VAL) opened at 105.54 on Friday. The firm’s 50-day moving average price is $105.84 and its 200 day moving average price is $106.79. Valspar Corp. has a 12-month low of $72.98 and a 12-month high of $108.97. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 24.25 and a beta of 1.53.
Valspar Corp. (NYSE:VAL) last announced its earnings results on Wednesday, September 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.12. The business had revenue of $1.14 billion for 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 for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. On average, analysts predict that Valspar Corp. will post $4.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.25%. Valspar Corp.’s payout ratio is currently 30.41%.
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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