JPMorgan Chase & Co. Lowers Valvoline (NYSE:VVV) Price Target to $30.00

Valvoline (NYSE:VVV) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $38.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 0.08% from the company’s current price.

Several other research firms have also recently issued reports on VVV. Wells Fargo & Company decreased their price target on Valvoline from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Valvoline in a research note on Wednesday. Royal Bank Of Canada reduced their price objective on shares of Valvoline from $48.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday. The Goldman Sachs Group lowered their target price on shares of Valvoline from $47.00 to $41.00 and set a “buy” rating for the company in a report on Thursday. Finally, Wall Street Zen downgraded Valvoline from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Valvoline presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.15.

Valvoline Price Performance

Valvoline stock traded down $0.67 during trading hours on Thursday, hitting $29.98. 2,128,892 shares of the stock were exchanged, compared to its average volume of 1,749,532. The stock has a market capitalization of $3.81 billion, a P/E ratio of 13.96 and a beta of 1.20. The business’s 50-day moving average is $34.84 and its two-hundred day moving average is $36.24. The company has a debt-to-equity ratio of 3.37, a quick ratio of 0.60 and a current ratio of 0.73. Valvoline has a 12 month low of $29.29 and a 12 month high of $41.33.

Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, November 19th. The basic materials company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). Valvoline had a return on equity of 84.85% and a net margin of 16.43%.The business had revenue of $435.50 million during the quarter, compared to analyst estimates of $455.70 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Valvoline has set its FY 2026 guidance at 1.600-1070.000 EPS. Equities research analysts expect that Valvoline will post 1.63 EPS for the current fiscal year.

Institutional Trading of Valvoline

Large investors have recently made changes to their positions in the company. Cooke & Bieler LP acquired a new stake in Valvoline in the second quarter valued at about $110,501,000. Boston Partners acquired a new position in Valvoline during the 1st quarter worth approximately $82,748,000. Norges Bank bought a new position in Valvoline in the 2nd quarter valued at approximately $57,739,000. Mawer Investment Management Ltd. grew its stake in shares of Valvoline by 118.8% during the second quarter. Mawer Investment Management Ltd. now owns 2,678,878 shares of the basic materials company’s stock worth $101,449,000 after buying an additional 1,454,458 shares during the last quarter. Finally, Channing Capital Management LLC increased its holdings in shares of Valvoline by 189.8% during the second quarter. Channing Capital Management LLC now owns 2,163,631 shares of the basic materials company’s stock worth $81,937,000 after buying an additional 1,417,156 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Valvoline Company Profile

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.