The Valspar Target of Unusually High Options Trading (VAL)
The Valspar (NYSE:VAL) saw some unusual options trading on Tuesday. Stock traders acquired 80 call options on the stock, AnalystRatingsNetwork.com reports. This is an increase of approximately 105% compared to the typical daily volume of 39 call options.
A number of analysts have recently weighed in on VAL shares. Analysts at Goldman Sachs upgraded shares of The Valspar from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $97.00 price target on the stock, up previously from $83.00. They noted that the move was a valuation call. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Valspar in a research note on Wednesday, May 21st. They now have a $76.00 price target on the stock, up previously from $73.00. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $79.09.
Shares of The Valspar (NYSE:VAL) traded up 0.46% during mid-day trading on Tuesday, hitting $78.25. 966,889 shares of the company’s stock traded hands. The Valspar has a 52-week low of $61.13 and a 52-week high of $82.00. The stock has a 50-day moving average of $76.52 and a 200-day moving average of $74.08. The company has a market cap of $6.534 billion and a P/E ratio of 23.13.
The Valspar (NYSE:VAL) last announced its earnings results on Tuesday, August 12th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.05. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts predict that The Valspar will post $4.09 earnings per share for the current fiscal year.
The Valspar Corporation is engaged in the paint and coatings business. The Company manufactures and distributes a range of coatings, paints and related products.
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