Valvoline Inc (VVV) Receives Average Rating of “Hold” from Brokerages

Valvoline Inc (NYSE:VVV) has been given an average recommendation of “Hold” by the ten analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $24.20.

VVV has been the topic of a number of recent research reports. ValuEngine cut Valvoline from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. JPMorgan Chase & Co. downgraded Valvoline from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $22.00 to $20.00 in a report on Friday, September 14th. Jefferies Financial Group initiated coverage on Valvoline in a report on Wednesday, October 3rd. They set a “buy” rating and a $27.00 price target on the stock. Morgan Stanley lowered their price target on Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 2nd. Finally, Zacks Investment Research downgraded Valvoline from a “buy” rating to a “hold” rating in a report on Saturday, October 13th.

Shares of NYSE VVV traded up $0.11 during mid-day trading on Friday, reaching $19.62. The company had a trading volume of 1,400,388 shares, compared to its average volume of 1,392,102. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.06 and a beta of 0.96. Valvoline has a 1-year low of $19.08 and a 1-year high of $25.63.



Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). The company had revenue of $577.00 million during the quarter, compared to analyst estimates of $591.49 million. Valvoline had a negative return on equity of 124.61% and a net margin of 10.10%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. As a group, sell-side analysts expect that Valvoline will post 1.29 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its position in Valvoline by 0.3% during the second quarter. Gabelli Funds LLC now owns 739,980 shares of the basic materials company’s stock valued at $15,961,000 after purchasing an additional 2,455 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Valvoline by 5.9% during the second quarter. OppenheimerFunds Inc. now owns 49,775 shares of the basic materials company’s stock valued at $1,074,000 after purchasing an additional 2,789 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Valvoline by 2.5% during the second quarter. Mutual of America Capital Management LLC now owns 168,406 shares of the basic materials company’s stock valued at $3,633,000 after purchasing an additional 4,044 shares during the last quarter. Bank of Montreal Can boosted its position in Valvoline by 14.4% during the second quarter. Bank of Montreal Can now owns 33,686 shares of the basic materials company’s stock valued at $726,000 after purchasing an additional 4,235 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in Valvoline by 2.6% during the second quarter. CIBC Private Wealth Group LLC now owns 179,792 shares of the basic materials company’s stock valued at $3,878,000 after purchasing an additional 4,588 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Valvoline Company Profile

Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.

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Analyst Recommendations for Valvoline (NYSE:VVV)

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