Valspar Corp. PT Raised to $80.00 at Barclays (VAL)
Research analysts at Barclays raised their target price on shares of Valspar Corp. (NYSE:VAL) from $75.00 to $80.00 in a report released on Thursday, AmericanBankingNews.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential upside of 6.21% from the company’s current price.
Shares of Valspar Corp. (NYSE:VAL) traded down 0.76% during mid-day trading on Thursday, hitting $74.46. 1,002,175 shares of the company’s stock traded hands. Valspar Corp. has a 52 week low of $58.97 and a 52 week high of $76.18. The stock’s 50-day moving average is $71.00 and its 200-day moving average is $68.28. The company has a market cap of $6.359 billion and a P/E ratio of 23.45.
Valspar Corp. (NYSE:VAL) last released its earnings data on Wednesday, February 12th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.04. The company had revenue of $956.00 million for the quarter, compared to the consensus estimate of $948.61 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that Valspar Corp. will post $4.07 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird upgraded shares of Valspar Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 9th. They now have a $80.00 price target on the stock, up previously from $75.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Valspar Corp. in a research note on Thursday, November 21st. They now have a $75.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Valspar Corp. in a research note on Thursday, November 21st. They now have a $73.00 price target on the stock, up previously from $69.00. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $76.80.
The Valspar Corporation is a global coating and paint manufacturer and distributor. The Company manufactures and distributes a range of coatings, paints and related products.
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