The Valspar Receives Consensus Recommendation of “Hold” from Analysts (NYSE:VAL)
Shares of The Valspar (NYSE:VAL) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the company, ARN reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $83.00.
A number of research firms have recently commented on VAL. Analysts at Zacks reiterated a “neutral” rating on shares of The Valspar in a research note on Monday. They now have a $84.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of The Valspar in a research note on Tuesday, August 19th. They now have a $84.00 price target on the stock, up previously from $80.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Valspar in a research note on Wednesday, August 13th. They now have a $83.00 price target on the stock, up previously from $76.00.
The Valspar (NYSE:VAL) opened at 80.79 on Friday. 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 $77.8 and a 200-day moving average of $75.0. The company has a market cap of $6.721 billion and a P/E ratio of 23.39.
The Valspar (NYSE:VAL) last announced its earnings results on Tuesday, August 12th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters 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 $4.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, August 28th.
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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