Valvoline (NYSE:VVV) Research Coverage Started at TD Securities

TD Securities assumed coverage on shares of Valvoline (NYSE:VVV) in a research note issued to investors on Friday,Benzinga reports. The brokerage issued a buy rating and a $40.00 target price on the basic materials company’s stock.

A number of other equities analysts have also recently issued reports on VVV. TD Cowen assumed coverage on Valvoline in a report on Friday. They issued a “buy” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Mizuho cut their price objective on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Stifel Nicolaus assumed coverage on shares of Valvoline in a report on Friday, December 20th. They issued a “hold” rating and a $42.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on shares of Valvoline from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.67.

Valvoline Stock Up 0.3 %

Shares of VVV stock opened at $34.57 on Friday. Valvoline has a 1 year low of $32.99 and a 1 year high of $48.27. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. The business’s fifty day moving average is $36.64 and its 200-day moving average is $38.37. The stock has a market cap of $4.39 billion, a PE ratio of 16.54 and a beta of 1.32.

Valvoline (NYSE:VVV) last released its earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. Equities analysts expect that Valvoline will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Valvoline

In related news, insider Julie Marie O’daniel sold 6,000 shares of Valvoline stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the completion of the sale, the insider now owns 15,305 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. 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 made changes to their positions in VVV. BNP Paribas Financial Markets increased its holdings in Valvoline by 7.3% in the third quarter. BNP Paribas Financial Markets now owns 74,286 shares of the basic materials company’s stock worth $3,109,000 after buying an additional 5,030 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Valvoline during the 3rd quarter worth $97,000. Benjamin Edwards Inc. raised its holdings in shares of Valvoline by 70,666.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 10,615 shares of the basic materials company’s stock valued at $444,000 after purchasing an additional 10,600 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Valvoline by 260.8% during the 3rd quarter. Holocene Advisors LP now owns 65,208 shares of the basic materials company’s stock valued at $2,729,000 after purchasing an additional 47,134 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Valvoline by 4.6% in the 3rd quarter. HighTower Advisors LLC now owns 34,685 shares of the basic materials company’s stock valued at $1,450,000 after purchasing an additional 1,537 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

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.