The Valspar (VAL) Posts Quarterly Earnings, Beats Expectations By $0.05 EPS
The Valspar (NYSE:VAL) issued its quarterly earnings data on Tuesday. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.05, AmericanBankingNews.com reports. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion.
Shares of The Valspar (NYSE:VAL) opened at 77.89 on Tuesday. The Valspar has a one year low of $61.13 and a one year high of $82.00. The stock’s 50-day moving average is $76.52 and its 200-day moving average is $74.08. The company has a market cap of $6.504 billion and a price-to-earnings ratio of 22.93.
VAL has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $79.09.
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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