Valvoline (NYSE:VVV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “
Several other equities research analysts also recently issued reports on VVV. ValuEngine downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Thursday. Monness Crespi & Hardt lowered their price objective on shares of Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 3rd. Jefferies Financial Group started coverage on shares of Valvoline in a research note on Wednesday, October 3rd. They set a “buy” rating and a $27.00 price target on the stock. Seaport Global Securities reiterated a “hold” rating and set a $25.00 price target on shares of Valvoline in a research note on Tuesday, August 7th. Finally, Morgan Stanley decreased their price target on shares of Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Valvoline currently has a consensus rating of “Hold” and an average target price of $25.38.
Shares of Valvoline stock traded down $0.01 during midday trading on Friday, hitting $19.64. The company had a trading volume of 1,400,543 shares, compared to its average volume of 1,488,937. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 1.44 and a beta of 0.96. The company has a current ratio of 1.86, a quick ratio of 1.40 and a debt-to-equity ratio of -4.27. Valvoline has a 1-year low of $19.41 and a 1-year high of $25.63.
Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $577.00 million during the quarter, compared to analyst estimates of $591.49 million. Valvoline had a negative return on equity of 124.61% and a net margin of 10.10%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. As a group, research analysts forecast that Valvoline will post 1.29 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. TLP Group LLC acquired a new stake in Valvoline during the first quarter worth $208,000. GSA Capital Partners LLP acquired a new stake in shares of Valvoline in the 2nd quarter valued at $245,000. Jane Street Group LLC acquired a new stake in shares of Valvoline in the 2nd quarter valued at $280,000. Bayesian Capital Management LP acquired a new stake in shares of Valvoline in the 1st quarter valued at $374,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Valvoline by 110.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,280 shares of the basic materials company’s stock valued at $373,000 after purchasing an additional 9,079 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.
Valvoline Company Profile
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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