The Valspar (VAL) Releases Quarterly Earnings Results
The Valspar (NYSE:VAL) posted its quarterly earnings results on Monday. The company reported $1.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.04 by $0.03, Analyst Ratings.Net reports. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.91 earnings per share.
A number of research firms have recently commented on VAL. Analysts at Morgan Stanley initiated coverage on shares of The Valspar in a research note on Wednesday, March 19th. They set an “underweight” rating and a $73.00 price target on the stock. On the ratings front, analysts at First Analysis downgraded shares of The Valspar from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 19th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Valspar in a research note on Tuesday, February 18th. They now have a $79.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The Valspar presently has an average rating of “Hold” and a consensus target price of $76.91.
The Valspar (NYSE:VAL) opened at 73.33 on Monday. The Valspar has a one year low of $61.13 and a one year high of $76.18. The stock has a 50-day moving average of $72.68 and a 200-day moving average of $71.8. The company has a market cap of $6.204 billion and a P/E ratio of 22.76.
The Valspar Corporation is engaged in the paint and coatings business. The Company manufactures and distributes a range of coatings, paints and related products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.