Valvoline Inc. (NYSE:VVV) Given Consensus Rating of “Moderate Buy” by Analysts

Valvoline Inc. (NYSE:VVV) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, eight 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 issued a report on the stock in the last year is $42.33.

Several brokerages recently issued reports on VVV. TD Cowen started coverage on shares of Valvoline in a research report on Friday, April 4th. They issued a “buy” rating and a $40.00 target price for the company. JPMorgan Chase & Co. upped their price objective on Valvoline from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Citigroup decreased their price objective on Valvoline from $41.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $44.00 target price (down previously from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Finally, Royal Bank of Canada lifted their price target on shares of Valvoline from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th.

Insider Buying and Selling

In related news, insider Julie Marie O’daniel sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the sale, the insider now directly owns 15,305 shares of the company’s stock, valued at $572,560.05. This trade represents a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its stake in shares of Valvoline by 1,004.9% during the fourth quarter. Huntington National Bank now owns 895 shares of the basic materials company’s stock valued at $32,000 after buying an additional 814 shares during the period. Opal Wealth Advisors LLC purchased a new position in Valvoline during the 1st quarter valued at $35,000. Centricity Wealth Management LLC purchased a new stake in shares of Valvoline in the 4th quarter worth about $36,000. American National Bank & Trust purchased a new stake in shares of Valvoline in the 1st quarter worth about $40,000. Finally, Versant Capital Management Inc boosted its stake in shares of Valvoline by 221.8% during the 1st quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 814 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Valvoline Price Performance

Shares of NYSE VVV opened at $34.92 on Monday. The stock’s 50-day simple moving average is $34.38 and its two-hundred day simple moving average is $36.72. Valvoline has a twelve month low of $31.02 and a twelve month high of $48.27. The firm has a market capitalization of $4.44 billion, a P/E ratio of 16.71 and a beta of 1.20. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39.

Valvoline (NYSE:VVV) last posted its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Valvoline had a return on equity of 143.64% and a net margin of 16.34%. The company had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that Valvoline will post 1.63 EPS for the current fiscal 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.