Barclays Maintains The Valspar Corp to Equal-weight with Price Target $110.00

Brokerage firm Barclays Maintains its rating on The Valspar Corp(NYSE:VAL). In a research note issued to the investors, the brokerage major Raises the price-target to $110.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 12, 2016.

The Valspar Corp (VAL) shares turned negative on Tuesdays trading session with the shares closing down -0.34 points or -0.32% at a volume of 1,65,477. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $106. The peak price level was also seen at $106 while the days lowest was $105.56. Finally the shares closed at $105.6. The 52-week high of the shares is $108.97 while the 52-week low is $70.58. According to the latest information available, the market cap of the company is $8,380 M.

The Valspar Corp(VAL) last announced its earnings results on Sep 7, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.14B. Analysts had an estimated revenue of $1.18B. Earnings per share were $1.57. Analysts had estimated an EPS of $1.45.

Several Insider Transactions has been reported to the SEC. On Dec 15, 2015, Gary E Hendrickson (Chairman, President and CEO) sold 50,000 shares at $84.65 per share price.Also, On Jun 26, 2015, Howard C Heckes (Executive Vice President) sold 8,000 shares at $84.82 per share price.

The Valspar Corporation is engaged in developing manufacturing and distributing a range of coatings paints and related products. The Company operates through two business segments: Coatings and Paints. The Coatings segment includes the Company’s industrial product lines and packaging product line. The Company offers a range of decorative and protective coatings for metal wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Asia Australia Europe North America and South America. The Paints segment includes the Company’s consumer paints and automotive paint refinish product lines. The Company offers a range of paints primers topcoats and aerosol spray paints through retailers distribution networks and Company-owned stores.

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