Valspar Reaches New 52-Week High (VAL)

NEW YORK ( TheStreet) -- Valspar Corporation (NYSE: VAL) hit a new 52-week high Wednesday as it is currently trading at $50.87, above its previous 52-week high of $50.85 with 121,446 shares traded as of 10:45 a.m. ET. Average volume has been 786,700 shares over the past 30 days.

Valspar has a market cap of $4.64 billion and is part of the basic materials sector and chemicals industry. Shares are up 27.8% year to date as of the close of trading on Tuesday.

The Valspar Corporation, together with its subsidiaries, manufactures and distributes coatings, paints, and related products worldwide.

TheStreet Ratings rates Valspar as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Valspar Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

To Win at Trade the U.S. Must Act and Behave Like China

To Win at Trade the U.S. Must Act and Behave Like China

Video: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron