Valvoline Inc. (NYSE:VVV) had its price target increased by analysts at Morgan Stanley from $25.00 to $26.00 in a report issued on Friday. The firm currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s target price points to a potential upside of 12.85% from the stock’s current price.
Several other research firms also recently issued reports on VVV. Zacks Investment Research upgraded Valvoline from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Valvoline currently has an average rating of “Buy” and an average target price of $25.38.
Shares of Valvoline (NYSE VVV) opened at $23.04 on Friday. Valvoline has a 1 year low of $18.31 and a 1 year high of $24.98. The company has a quick ratio of 1.09, a current ratio of 1.65 and a debt-to-equity ratio of -8.84. The company has a market capitalization of $4,668.48, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 2.58 and a beta of 1.62.
Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $528.14 million. Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. Valvoline’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. equities research analysts expect that Valvoline will post 1.24 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of VVV. Macquarie Group Ltd. acquired a new position in Valvoline during the 2nd quarter worth $183,000. Legal & General Group Plc grew its stake in Valvoline by 1,210.5% during the 1st quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 7,578 shares in the last quarter. First Allied Advisory Services Inc. acquired a new position in Valvoline during the 2nd quarter worth $201,000. Oakbrook Investments LLC acquired a new position in Valvoline during the 2nd quarter worth $204,000. Finally, Fruth Investment Management acquired a new position in Valvoline during the 2nd quarter worth $208,000. Hedge funds and other institutional investors own 92.46% of the company’s stock.
Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
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