Brokerages Set Valvoline Inc. (NYSE:VVV) Price Target at $47.57

Shares of Valvoline Inc. (NYSE:VVV) have received a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $47.57.

Several equities analysts have commented on the stock. Citigroup raised their target price on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Baird R W raised shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company cut their target price on Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Robert W. Baird began coverage on Valvoline in a report on Thursday, August 15th. They issued an “outperform” rating and a $48.00 target price on the stock. Finally, Piper Sandler initiated coverage on Valvoline in a report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 price target for the company.

Valvoline Trading Down 1.9 %

Shares of VVV stock opened at $40.57 on Friday. The stock has a market cap of $5.23 billion, a P/E ratio of 32.20 and a beta of 1.45. Valvoline has a 1 year low of $29.15 and a 1 year high of $48.26. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.57. The stock has a 50 day simple moving average of $41.54 and a 200 day simple moving average of $42.36.

Valvoline (NYSE:VVV) last released its 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). Valvoline had a net margin of 10.45% and a return on equity of 182.88%. The company had revenue of $421.00 million for the quarter, compared to the consensus estimate of $425.17 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. On average, research analysts predict that Valvoline will post 1.53 earnings per share for the current fiscal year.

Valvoline declared that its Board of Directors has initiated a share repurchase program on Tuesday, July 30th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the basic materials company to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Valvoline

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock valued at $32,000 after buying an additional 267 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Valvoline in the 2nd quarter valued at approximately $34,000. Mather Group LLC. raised its stake in shares of Valvoline by 1,617.0% during the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 760 shares during the last quarter. Park Place Capital Corp lifted its holdings in shares of Valvoline by 176.9% during the first quarter. Park Place Capital Corp now owns 1,886 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 1,205 shares during the period. Finally, YHB Investment Advisors Inc. bought a new stake in shares of Valvoline in the first quarter worth $106,000. 96.13% of the stock is 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.