Valvoline (NYSE:VVV) Price Target Cut to $42.00 by Analysts at Mizuho

Valvoline (NYSE:VVV) had its price objective dropped by analysts at Mizuho from $46.00 to $42.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Mizuho’s target price indicates a potential upside of 17.29% from the company’s current price.

Several other analysts have also issued reports on the company. Wells Fargo & Company cut their price target on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Stephens started coverage on Valvoline in a research note on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price objective for the company. Robert W. Baird lowered their price target on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Royal Bank of Canada reduced 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, November 20th. Finally, Morgan Stanley lowered their target price on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Valvoline Trading Down 0.1 %

Shares of Valvoline stock opened at $35.81 on Monday. Valvoline has a 1-year low of $33.86 and a 1-year high of $48.26. The company’s fifty day simple moving average is $39.24 and its 200-day simple moving average is $41.17. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.61. The stock has a market capitalization of $4.59 billion, a PE ratio of 22.11 and a beta of 1.45.

Insider Buying and Selling

In other Valvoline news, CEO Lori Ann Flees acquired 2,500 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $39.64 per share, with a total value of $99,100.00. Following the purchase, the chief executive officer now directly owns 38,428 shares of the company’s stock, valued at approximately $1,523,285.92. This represents a 6.96 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Robert Travis Dobbins sold 1,914 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total transaction of $76,560.00. Following the sale, the chief technology officer now owns 14,956 shares in the company, valued at $598,240. This represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Valvoline

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Valvoline by 0.4% during the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock valued at $171,436,000 after purchasing an additional 16,916 shares during the last quarter. Natixis Advisors LLC increased its position in Valvoline by 8.1% during the third quarter. Natixis Advisors LLC now owns 422,989 shares of the basic materials company’s stock valued at $17,702,000 after acquiring an additional 31,661 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Valvoline by 28.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 126,232 shares of the basic materials company’s stock valued at $5,453,000 after acquiring an additional 28,254 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Valvoline in the 3rd quarter worth about $4,628,000. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

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.