Valvoline Inc. (NYSE:VVV) Receives $43.88 Consensus Target Price from Brokerages

Shares of Valvoline Inc. (NYSE:VVV) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $44.25.

VVV has been the subject of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $48.00 price objective on shares of Valvoline in a research note on Friday, June 7th. Citigroup boosted their price target on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Piper Sandler started coverage on shares of Valvoline in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 price objective on the stock.

Valvoline Stock Down 1.5 %

Valvoline stock opened at $46.02 on Tuesday. The company has a market capitalization of $5.93 billion, a PE ratio of 36.52 and a beta of 1.43. Valvoline has a 12-month low of $29.15 and a 12-month high of $48.26. The firm’s fifty day moving average is $42.40 and its 200 day moving average is $41.35. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 15.83.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $388.70 million during the quarter, compared to the consensus estimate of $390.75 million. Valvoline had a net margin of 11.78% and a return on equity of 136.59%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. As a group, sell-side analysts predict that Valvoline will post 1.61 EPS for the current fiscal year.

Institutional Trading of Valvoline

Several institutional investors have recently made changes to their positions in VVV. Park Place Capital Corp bought a new position in shares of Valvoline in the fourth quarter valued at approximately $26,000. Blue Trust Inc. boosted its position in Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 267 shares during the last quarter. Mather Group LLC. grew its stake in Valvoline by 1,617.0% in the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 760 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Valvoline during the 4th quarter valued at $35,000. Finally, Principal Securities Inc. bought a new stake in shares of Valvoline during the 4th quarter worth $39,000. 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.