Royal Bank Of Canada Reiterates Outperform Rating for Valvoline (NYSE:VVV)

Valvoline (NYSE:VVV)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued on Tuesday, Marketbeat.com reports. They presently have a $48.00 target price on the basic materials company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 40.53% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company lowered their target price on Valvoline from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valvoline in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Piper Sandler raised their price target on shares of Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Zacks Research upgraded shares of Valvoline to a “hold” rating in a research note on Tuesday, August 12th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.62.

Valvoline Price Performance

Shares of VVV opened at $34.16 on Tuesday. The company’s 50-day moving average is $37.62 and its 200-day moving average is $36.39. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60. The firm has a market capitalization of $4.34 billion, a PE ratio of 15.89 and a beta of 1.18. Valvoline has a fifty-two week low of $31.01 and a fifty-two week high of $43.74.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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%. Valvoline’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. Equities analysts forecast that Valvoline will post 1.63 EPS for the current year.

Insiders Place Their Bets

In other Valvoline news, CFO J Kevin Willis bought 12,725 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of $39.41 per share, for a total transaction of $501,492.25. Following the completion of 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 document filed with the SEC, which is available through this link. 0.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Valvoline

A number of hedge funds have recently made changes to their positions in VVV. Cooke & Bieler LP bought a new stake in shares of Valvoline during the 2nd quarter valued at approximately $110,501,000. Boston Partners acquired a new stake in Valvoline in the first quarter valued at approximately $82,748,000. Norges Bank bought a new stake in shares of Valvoline during the second quarter worth $57,739,000. Mawer Investment Management Ltd. increased its holdings 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 in the last quarter. Finally, Channing Capital Management LLC lifted its stake in shares of Valvoline by 189.8% in the 2nd quarter. Channing Capital Management LLC now owns 2,163,631 shares of the basic materials company’s stock valued at $81,937,000 after acquiring an additional 1,417,156 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

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.