Longbow Research Increases The Valspar Price Target to $90.00 (VAL)
Equities research analysts at Longbow Research lifted their price objective on shares of The Valspar (NYSE:VAL) to $90.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Longbow Research’s target price suggests a potential upside of 15.02% from the company’s current price.
A number of other firms have also recently commented on VAL. 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $80.00.
The Valspar (NYSE:VAL) opened at 78.25 on Wednesday. The Valspar has a 52-week low of $61.13 and a 52-week high of $82.00. The stock’s 50-day moving average is $76.56 and its 200-day moving average is $74.1. The company has a market cap of $6.534 billion and a price-to-earnings ratio of 23.13. The Valspar also was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 80 call options on the stock. This represents an increase of approximately 105% compared to the average volume of 39 call options.
The Valspar (NYSE:VAL) last posted its quarterly 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. Analysts expect that The Valspar will post $4.09 EPS 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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