Valvoline (NYSE:VVV) Given New $46.00 Price Target at Robert W. Baird

Valvoline (NYSE:VVV) had its price objective decreased by equities research analysts at Robert W. Baird from $48.00 to $46.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Robert W. Baird’s price objective indicates a potential upside of 19.29% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Morgan Stanley dropped their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday. Stephens assumed coverage on shares of Valvoline in a research note on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada dropped their price objective on shares of Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Baird R W upgraded shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Valvoline presently has an average rating of “Buy” and a consensus target price of $46.25.

Valvoline Trading Up 0.2 %

NYSE VVV opened at $38.56 on Wednesday. Valvoline has a one year low of $33.86 and a one year high of $48.26. The company’s 50 day moving average price is $41.41 and its 200 day moving average price is $41.97. 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 firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 23.87 and a beta of 1.46.

Valvoline announced that its Board of Directors has initiated a share repurchase program on Tuesday, July 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the basic materials company to buy up to 7.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Valvoline

Several institutional investors have recently added to or reduced their stakes in VVV. UMB Bank n.a. grew its position in shares of Valvoline by 92.1% during the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 302 shares during the last quarter. Blue Trust Inc. grew its position in shares of Valvoline by 57.9% during the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 267 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Valvoline during the second quarter worth about $34,000. Mather Group LLC. grew its position 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 worth $36,000 after acquiring an additional 760 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Valvoline during the third quarter worth about $41,000. Institutional investors own 96.13% of the company’s stock.

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.