Analysts Set Valvoline (NYSE:VVV) PT at $42.77

Valvoline (NYSE:VVV) has received an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $42.7692.

A number of analysts have recently weighed in on the stock. Cfra Research upgraded shares of Valvoline to a “hold” rating in a report on Monday, July 7th. Zacks Research upgraded shares of Valvoline to a “hold” rating in a research note on Tuesday, August 12th. Wells Fargo & Company lifted their target price on shares of Valvoline from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, Piper Sandler lifted their target price on shares of Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th.

Insider Buying and Selling

In related news, CFO J Kevin Willis bought 12,725 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average cost of $39.41 per share, for a total transaction of $501,492.25. Following the purchase, the chief financial officer directly owned 12,725 shares of the company’s stock, valued at approximately $501,492.25. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.66% of the stock is owned by company insiders.

Institutional Trading of Valvoline

A number of institutional investors have recently bought and sold shares of the stock. Fiduciary Management Inc. WI boosted its stake in Valvoline by 13.0% in the 1st quarter. Fiduciary Management Inc. WI now owns 4,769,346 shares of the basic materials company’s stock worth $166,021,000 after purchasing an additional 548,071 shares in the last quarter. Boston Partners lifted its stake in Valvoline by 67.3% during the 2nd quarter. Boston Partners now owns 3,977,293 shares of the basic materials company’s stock valued at $150,604,000 after acquiring an additional 1,599,973 shares during the period. Alua Capital Management LP lifted its stake in Valvoline by 3.6% during the 1st quarter. Alua Capital Management LP now owns 3,734,466 shares of the basic materials company’s stock valued at $129,997,000 after acquiring an additional 129,185 shares during the period. Sculptor Capital LP lifted its stake in Valvoline by 47.5% during the 2nd quarter. Sculptor Capital LP now owns 3,000,000 shares of the basic materials company’s stock valued at $113,610,000 after acquiring an additional 966,500 shares during the period. Finally, Cooke & Bieler LP acquired a new stake in Valvoline during the 2nd quarter valued at approximately $110,501,000. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Stock Up 6.0%

NYSE:VVV opened at $35.28 on Thursday. Valvoline has a fifty-two week low of $31.01 and a fifty-two week high of $43.74. The stock has a market capitalization of $4.48 billion, a P/E ratio of 16.41 and a beta of 1.18. The company has a debt-to-equity ratio of 3.37, a quick ratio of 0.60 and a current ratio of 0.73. The company’s 50-day simple moving average is $38.10 and its 200-day simple moving average is $36.41.

Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $436.35 million. During the same period last year, the business earned $0.45 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Valvoline will post 1.63 earnings per share for the current fiscal year.

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.