Valspar Stock Hits New 52-Week High (VAL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Valspar Corporation (NYSE: VAL) hit a new 52-week high Thursday as it is currently trading at $55.51, above its previous 52-week high of $53.87 with 620,156 shares traded as of 1:45 p.m. ET. Average volume has been 923,000 shares over the past 30 days.

Valspar has a market cap of $4.89 billion and is part of the basic materials sector and chemicals industry. Shares are up 37.5% year to date as of the close of trading on Wednesday.

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, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Valspar Ratings Report.

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