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) is trading at unusually high volume Friday with 1.2 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.62 (+2.7%) at $62.26 as of 4:02 p.m. ET.
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Valspar has a market cap of $5.36 billion and is part of the basic materials sector and chemicals industry. Shares are down 2.8% year to date as of the close of trading on Thursday. The Valspar Corporation manufactures and distributes various coatings, paints, and related products worldwide. The company operates in two segments, Coatings and Paints. The company has a P/E ratio of 19.3, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Valspar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, growth in earnings per share, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Valspar Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.