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The Valspar (NYSE:VAL)‘s stock had its “neutral” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday. They currently have a $83.00 price target on the stock, up from their previous price target of $76.00. JPMorgan Chase & Co.’s price objective points to a potential upside of 6.07% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of The Valspar in a research note on Wednesday. They now have a $81.00 price target on the stock, up previously from $77.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of The Valspar in a research note on Wednesday. They now have a $90.00 price target on the stock, up previously from $86.00. Finally, analysts at Longbow Research raised their price target on shares of The Valspar to $90.00 in a research note on Wednesday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The Valspar currently has an average rating of “Hold” and an average target price of $81.67.

Shares of The Valspar (NYSE:VAL) traded up 1.58% during mid-day trading on Wednesday, hitting $79.49. The stock had a trading volume of 227,480 shares. 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 $76.56 and a 200-day moving average of $74.1. The company has a market cap of $6.638 billion and a P/E ratio of 23.24. The Valspar also saw some unusual options trading on Tuesday. Traders bought 80 call options on the stock. This represents an increase of approximately 105% compared to the typical 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 (EPS) for the quarter, beating the 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 $4.10 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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