Mizuho Cuts Valvoline (NYSE:VVV) Price Target to $46.00

Valvoline (NYSE:VVV) had its price objective cut by analysts at Mizuho from $50.00 to $46.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Mizuho’s price objective would suggest a potential upside of 19.29% from the stock’s previous close.

VVV has been the subject of a number of other reports. Robert W. Baird reduced their target price on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday. Morgan Stanley decreased their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday. Stephens began coverage on shares of Valvoline in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price objective for the company. Royal Bank of Canada decreased their price objective on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Baird R W raised shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Valvoline has a consensus rating of “Buy” and an average target price of $46.25.

Valvoline Trading Up 0.2 %

Shares of NYSE:VVV opened at $38.56 on Wednesday. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 23.80 and a beta of 1.46. Valvoline has a 1-year low of $33.86 and a 1-year high of $48.26. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.62 and a current ratio of 0.72. The company has a 50 day moving average price of $41.38 and a 200 day moving average price of $41.94.

Valvoline declared that its Board of Directors has approved a stock repurchase program on Tuesday, July 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Invst LLC raised its holdings in Valvoline by 3.7% in the 3rd quarter. Invst LLC now owns 15,931 shares of the basic materials company’s stock worth $667,000 after acquiring an additional 563 shares during the period. Coldstream Capital Management Inc. raised its holdings in Valvoline by 11.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,209 shares of the basic materials company’s stock worth $302,000 after acquiring an additional 760 shares during the period. Geode Capital Management LLC raised its holdings in Valvoline by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock worth $93,215,000 after acquiring an additional 54,545 shares during the period. Barclays PLC grew its position in Valvoline by 52.4% in the 3rd quarter. Barclays PLC now owns 53,580 shares of the basic materials company’s stock worth $2,242,000 after purchasing an additional 18,414 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Valvoline by 212.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 158,983 shares of the basic materials company’s stock worth $6,653,000 after purchasing an additional 108,020 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

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.