Valvoline (NYSE:VVV) Now Covered by Robert W. Baird

Robert W. Baird initiated coverage on shares of Valvoline (NYSE:VVV) in a research report released on Thursday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $48.00 price target on the basic materials company’s stock.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Valvoline from $54.00 to $48.00 and set an outperform rating on the stock in a research report on Thursday, August 8th. Piper Sandler began coverage on shares of Valvoline in a report on Wednesday, June 12th. They issued an overweight rating and a $49.00 target price on the stock. Citigroup upped their target price on Valvoline from $45.00 to $48.00 and gave the company a neutral rating in a report on Friday, July 19th. Finally, Wells Fargo & Company cut their price target on Valvoline from $50.00 to $46.00 and set an overweight rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $46.25.

Valvoline Stock Down 0.0 %

Valvoline stock traded down $0.01 during trading on Thursday, reaching $40.87. 238,145 shares of the company’s stock were exchanged, compared to its average volume of 1,219,740. Valvoline has a 52-week low of $29.15 and a 52-week high of $48.26. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 32.44 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 company’s 50-day moving average is $43.17 and its two-hundred day moving average is $42.28.

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

Institutional Trading of Valvoline

Several institutional investors have recently made changes to their positions in VVV. Cerity Partners LLC bought a new position in shares of Valvoline in the 4th quarter valued at about $1,049,000. Inspire Advisors LLC bought a new stake in shares of Valvoline during the first quarter worth approximately $237,000. Congress Asset Management Co. MA boosted 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 acquiring an additional 212,428 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Valvoline by 239.6% during the 4th quarter. BNP Paribas Financial Markets now owns 58,436 shares of the basic materials company’s stock valued at $2,196,000 after acquiring an additional 41,227 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Valvoline by 309.1% during the 4th quarter. US Bancorp DE now owns 36,332 shares of the basic materials company’s stock worth $1,365,000 after purchasing an additional 27,450 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Company Profile

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.