Valspar Corp. Rating Lowered to Equal Weight at First Analysis (VAL)
Valspar Corp. (NYSE:VAL) was downgraded by equities research analysts at First Analysis from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on VAL. Analysts at Zacks reiterated a “neutral” rating on shares of Valspar Corp. in a research note on Tuesday. They now have a $79.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Valspar Corp. from $72.00 to $75.00 in a research note on Tuesday. Finally, analysts at Barclays raised their price target on shares of Valspar Corp. from $75.00 to $80.00 in a research note on Thursday, February 13th. They now have an “equal weight” rating on the stock. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Valspar Corp. currently has a consensus rating of “Hold” and a consensus target price of $77.30.
Valspar Corp. (NYSE:VAL) opened at 74.24 on Wednesday. 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 $71.27 and its 200-day moving average is $68.37. The company has a market cap of $6.321 billion and a P/E ratio of 23.36.
Valspar Corp. (NYSE:VAL) last posted its quarterly earnings results 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.
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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