Brokerages Set Valvoline Inc. (NYSE:VVV) Target Price at $46.00

Shares of Valvoline Inc. (NYSE:VVV) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $46.00.

VVV has been the subject of a number of research reports. Citigroup boosted their target price on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Royal Bank of Canada decreased their price objective on Valvoline from $54.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Piper Sandler assumed coverage on Valvoline in a report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, August 8th.

Institutional Trading of Valvoline

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new stake in Valvoline during the fourth quarter valued at $1,049,000. Inspire Advisors LLC acquired a new stake in shares of Valvoline in the first quarter valued at about $237,000. Congress Asset Management Co. MA grew its position in shares of Valvoline by 6.5% in the first quarter. Congress Asset Management Co. MA now owns 3,499,430 shares of the basic materials company’s stock valued at $155,970,000 after purchasing an additional 212,428 shares during the period. BNP Paribas Financial Markets grew its position in shares of Valvoline by 239.6% in the fourth quarter. BNP Paribas Financial Markets now owns 58,436 shares of the basic materials company’s stock valued at $2,196,000 after purchasing an additional 41,227 shares during the period. Finally, US Bancorp DE grew its position in shares of Valvoline by 309.1% in the fourth quarter. US Bancorp DE now owns 36,332 shares of the basic materials company’s stock valued at $1,365,000 after purchasing an additional 27,450 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Valvoline Stock Up 1.2 %

Shares of VVV stock opened at $40.18 on Friday. Valvoline has a fifty-two week low of $29.15 and a fifty-two week high of $48.26. The firm has a market capitalization of $5.18 billion, a PE ratio of 31.89 and a beta of 1.43. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73. The stock’s 50-day simple moving average is $43.18 and its 200-day simple moving average is $42.29.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Valvoline had a return on equity of 182.88% and a net margin of 10.45%. The business had revenue of $421.00 million during the quarter, compared to analyst estimates of $425.17 million. During the same quarter last year, the company posted $0.43 EPS. Valvoline’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts expect that Valvoline will post 1.54 earnings per share for the current 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.