Valspar Corp. (NYSE:VAL) posted its quarterly earnings results on Tuesday. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.05, Analyst Ratings Network.com reports. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion.
Valspar Corp. (NYSE:VAL) opened at 70.67 on Tuesday. Valspar Corp. has a 1-year low of $55.55 and a 1-year high of $74.25. The stock has a 50-day moving average of $68.19 and a 200-day moving average of $67.32. The company has a market cap of $6.126 billion and a price-to-earnings ratio of 21.61.
A number of research firms have recently commented on VAL. Analysts at Deutsche Bank upgraded shares of Valspar Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, October 4th. They now have a $75.00 price target on the stock, up previously from $72.00. They noted that the move was a valuation call. Analysts at KeyCorp cut their EPS estimates on shares of Valspar Corp. in a research note on Monday. They now have a “buy” rating and a $79.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.09.
The Valspar Corporation is a global coating and paint manufacturer and distributor. The Company manufactures and distributes a range of coatings, paints and related products.
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