Valvoline Inc. (NYSE:VVV) Receives $45.33 Consensus PT from Analysts

Shares of Valvoline Inc. (NYSE:VVV) have been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $45.33.

VVV has been the subject of a number of recent research reports. Royal Bank of Canada cut their target price on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. Wells Fargo & Company cut their price objective on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Stifel Nicolaus started coverage on shares of Valvoline in a report on Friday, December 20th. They set a “hold” rating and a $42.00 price target for the company. Morgan Stanley reduced their price target on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Finally, Robert W. Baird lowered their price objective on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th.

Valvoline Price Performance

NYSE:VVV opened at $34.92 on Tuesday. The stock has a 50 day moving average price of $38.75 and a 200 day moving average price of $40.99. The stock has a market cap of $4.48 billion, a PE ratio of 21.56 and a beta of 1.45. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. Valvoline has a one year low of $33.86 and a one year high of $48.26.

Insider Transactions at Valvoline

In related news, Director Charles M. Sonsteby purchased 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were bought at an average price of $39.50 per share, for a total transaction of $395,000.00. Following the acquisition, the director now directly owns 26,437 shares in the company, valued at $1,044,261.50. This trade represents a 60.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Robert Travis Dobbins sold 1,914 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total value of $76,560.00. Following the completion of the sale, the chief technology officer now directly owns 14,956 shares in the company, valued at $598,240. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On Valvoline

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in Valvoline by 0.4% during the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock worth $171,436,000 after acquiring an additional 16,916 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Valvoline by 8.1% during the third quarter. Natixis Advisors LLC now owns 422,989 shares of the basic materials company’s stock worth $17,702,000 after purchasing an additional 31,661 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Valvoline by 28.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 126,232 shares of the basic materials company’s stock valued at $5,453,000 after purchasing an additional 28,254 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Valvoline in the 3rd quarter valued at about $4,628,000. Finally, Geode Capital Management LLC grew its stake in Valvoline by 2.5% during 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 buying an additional 54,545 shares during the last quarter. 96.13% of the stock is currently 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.