Valvoline Inc (NYSE:VVV) Receives $22.29 Average Target Price from Brokerages

Shares of Valvoline Inc (NYSE:VVV) have received an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $22.29.

Several research firms have recently weighed in on VVV. Buckingham Research set a $77.00 price objective on shares of MSC Industrial Direct and gave the company a “hold” rating in a research note on Monday, July 1st. Zacks Investment Research lowered shares of Hammerson from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Monness Crespi & Hardt reissued a “buy” rating and issued a $97.00 price target (up previously from $95.00) on shares of Fortinet in a research report on Friday, May 3rd. Finally, Morgan Stanley lifted their price target on shares of Zynga and gave the company an “overweight” rating in a research report on Thursday, May 2nd.

Shares of NYSE:VVV traded down $0.03 during mid-day trading on Friday, hitting $19.94. The company had a trading volume of 20,131 shares, compared to its average volume of 915,806. The company has a fifty day moving average of $18.95. The firm has a market capitalization of $3.77 billion, a P/E ratio of 15.44, a PEG ratio of 1.66 and a beta of 0.99. Valvoline has a one year low of $16.90 and a one year high of $23.16.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $591.00 million during the quarter, compared to analyst estimates of $596.71 million. Valvoline had a net margin of 9.70% and a negative return on equity of 76.15%. Valvoline’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. On average, analysts expect that Valvoline will post 1.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a $0.106 dividend. This represents a $0.42 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, May 30th. Valvoline’s payout ratio is currently 32.56%.

In other Valvoline news, CFO Mary E. Meixelsperger purchased 7,500 shares of Valvoline stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average price of $18.71 per share, with a total value of $140,325.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cipher Capital LP purchased a new position in Valvoline during the 4th quarter worth $236,000. Geode Capital Management LLC boosted its holdings in shares of Valvoline by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 1,890,328 shares of the basic materials company’s stock worth $36,577,000 after buying an additional 94,837 shares during the last quarter. Norges Bank purchased a new position in shares of Valvoline in the 4th quarter worth about $33,769,000. APG Asset Management N.V. purchased a new position in shares of Valvoline in the 4th quarter worth about $2,261,000. Finally, Brinker Capital Inc. boosted its holdings in shares of Valvoline by 106.0% in the 1st quarter. Brinker Capital Inc. now owns 37,487 shares of the basic materials company’s stock worth $696,000 after buying an additional 19,290 shares during the last quarter. 96.73% of the stock is currently owned by hedge funds and other institutional investors.

About Valvoline

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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