Valvoline (NYSE:VVV) Receives $42.77 Average Target Price from Analysts

Shares of Valvoline (NYSE:VVV) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to 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.

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valvoline in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Valvoline to a “hold” rating in a research report on Tuesday, August 12th. Stephens lifted their target price on shares of Valvoline from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Piper Sandler upped their price target on Valvoline from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Finally, Wall Street Zen downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Friday, September 26th.

Insider Buying and Selling at Valvoline

In other Valvoline news, CFO J Kevin Willis acquired 12,725 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $39.41 per share, with a total value of $501,492.25. Following the transaction, the chief financial officer directly owned 12,725 shares in the company, valued at approximately $501,492.25. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is owned by company insiders.

Institutional Trading of Valvoline

Institutional investors have recently bought and sold shares of the stock. Maseco LLP purchased a new stake in shares of Valvoline in the second quarter worth approximately $27,000. Opal Wealth Advisors LLC bought a new position in Valvoline in the first quarter worth approximately $35,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Valvoline during the 2nd quarter worth $43,000. Parallel Advisors LLC grew its position in shares of Valvoline by 67.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,164 shares of the basic materials company’s stock worth $44,000 after buying an additional 469 shares during the last quarter. Finally, Steph & Co. purchased a new stake in shares of Valvoline during the 2nd quarter valued at $45,000. 96.13% of the stock is currently owned by institutional investors.

Valvoline Stock Down 0.8%

VVV opened at $35.26 on Thursday. The company’s 50-day moving average is $38.03 and its 200 day moving average is $36.40. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60. Valvoline has a fifty-two week low of $31.01 and a fifty-two week high of $43.74. The firm has a market capitalization of $4.48 billion, a P/E ratio of 16.40 and a beta of 1.18.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $436.35 million. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Research analysts expect that Valvoline will post 1.63 earnings per share for the current fiscal year.

About Valvoline

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.