Valspar Corp. (NYSE:VAL) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Valspar Corp. (NYSE:VAL) have earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $98.97.
A number of research firms recently commented on VAL. Barclays PLC set a $110.00 price target on shares of Valspar Corp. and gave the stock a “hold” rating in a research note on Monday, September 12th. Zacks Investment Research raised shares of Valspar Corp. from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research note on Thursday. Morgan Stanley reaffirmed a “sell” rating on shares of Valspar Corp. in a research note on Thursday, June 16th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Valspar Corp. in a research note on Thursday, September 8th.
Shares of Valspar Corp. (NYSE:VAL) traded down 0.02% during trading on Friday, hitting $105.43. 343,086 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $105.88 and a 200-day moving average price of $106.76. Valspar Corp. has a one year low of $72.98 and a one year high of $108.97. The stock has a market cap of $8.37 billion, a P/E ratio of 24.23 and a beta of 1.53.
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Valspar Corp. (NYSE:VAL) last released its quarterly earnings results on Wednesday, September 7th. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.12. Valspar Corp. had a net margin of 8.31% and a return on equity of 41.74%. The firm earned $1.14 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company earned $1.33 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts expect that Valspar Corp. will post $4.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.32 dividend on an annualized basis and a yield of 1.25%. Valspar Corp.’s dividend payout ratio (DPR) is 30.41%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VAL. Mizuho Asset Management Co. Ltd. purchased a new position in Valspar Corp. during the second quarter worth about $110,000. Mn Services Vermogensbeheer B.V. purchased a new position in Valspar Corp. during the second quarter worth about $185,000. Daiwa Securities Group Inc. purchased a new position in Valspar Corp. during the second quarter worth about $205,000. Eqis Capital Management Inc. purchased a new position in Valspar Corp. during the second quarter worth about $210,000. Finally, Creative Planning raised its position in Valspar Corp. by 1.1% in the second quarter. Creative Planning now owns 1,983 shares of the company’s stock worth $214,000 after buying an additional 22 shares during the period. Institutional investors own 71.89% of the company’s stock.
Valspar Corp. Company Profile
The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two segments: Coatings and Paints. The Coatings segment includes its industrial product lines and packaging product line. The Company offers decorative and protective coatings for metal, wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Africa, Asia, Australia, Europe, North America and South America.
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