Published On: Mon, Sep 12th, 2016

Valspar Corp. (VAL) Price Target Increased to $110.00 by Analysts at Barclays PLC

Valspar Corp. (NYSE:VAL) had its price target lifted by Barclays PLC from $87.00 to $110.00 in a research note issued to investors on Monday. The brokerage presently has an “equal weight” rating on the stock. Barclays PLC’s price objective would suggest a potential upside of 4.21% from the company’s previous close.
Several other equities analysts have also commented on the stock. Morgan Stanley reaffirmed a “sell” rating on shares of Valspar Corp. in a research report on Thursday, June 16th. Zacks Investment Research raised shares of Valspar Corp. from a “sell” rating to a “hold” rating in a research report on Friday. Deutsche Bank AG reaffirmed a “hold” rating on shares of Valspar Corp. in a research report on Thursday. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Valspar Corp. in a research report on Thursday, May 26th. Finally, Vetr raised shares of Valspar Corp. from a “hold” rating to a “strong-buy” rating and set a $126.66 price objective for the company in a research report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a strong buy rating to the stock. Valspar Corp. has an average rating of “Hold” and a consensus target price of $98.14.
Valspar Corp. (NYSE:VAL) opened at 105.56 on Monday. The firm has a 50 day moving average of $105.88 and a 200-day moving average of $103.29. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 24.26 and a beta of 1.44. Valspar Corp. has a 52-week low of $70.58 and a 52-week high of $108.97.

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Valspar Corp. (NYSE:VAL) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.12. The firm earned $1.14 billion during the quarter, compared to analyst estimates of $1.18 billion. Valspar Corp. had a net margin of 8.31% and a return on equity of 41.74%. Valspar Corp.’s revenue was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. Equities analysts expect that Valspar Corp. will post $4.81 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is 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 is currently 30.41%.
A number of large investors have recently added to or reduced their stakes in VAL. Daiwa Securities Group Inc. bought a new stake in Valspar Corp. during the second quarter worth about $205,000. Eqis Capital Management Inc. bought a new stake in Valspar Corp. during the second quarter worth about $210,000. Creative Planning boosted its stake 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 in the last quarter. Stearns Financial Services Group bought a new stake in Valspar Corp. during the first quarter worth about $214,000. Finally, Springbok Capital Management LLC bought a new stake in Valspar Corp. during the first quarter worth about $235,000. 71.97% of the stock is currently owned by hedge funds and other institutional investors.
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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