Valvoline (NYSE:VVV – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.
A number of other equities analysts also recently weighed in on VVV. Citigroup lowered their target price on shares of Valvoline from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday. Jefferies Financial Group dropped their price target on Valvoline from $44.00 to $40.00 in a research note on Thursday, June 16th. Finally, JPMorgan Chase & Co. raised Valvoline from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $30.00 to $36.00 in a research note on Thursday, May 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $39.20.
Valvoline Trading Up 3.2 %
Shares of VVV stock opened at $29.16 on Thursday. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 12.15 and a beta of 1.33. The company has a debt-to-equity ratio of 7.25, a quick ratio of 1.16 and a current ratio of 1.64. The firm has a fifty day moving average of $30.37 and a 200-day moving average of $30.99. Valvoline has a 52-week low of $26.69 and a 52-week high of $37.97.
Valvoline (NYSE:VVV – Get Rating) last issued its earnings results on Monday, May 9th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Valvoline had a net margin of 12.30% and a return on equity of 202.75%. The company had revenue of $886.00 million for the quarter, compared to analyst estimates of $887.10 million. During the same quarter last year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, equities research analysts forecast that Valvoline will post 2.1 earnings per share for the current fiscal year.
Institutional Trading of Valvoline
A number of hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in shares of Valvoline in the second quarter worth approximately $26,000. Sageworth Trust Co of South Dakota acquired a new stake in shares of Valvoline in the 4th quarter worth $29,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Valvoline in the 2nd quarter worth $41,000. IronBridge Private Wealth LLC acquired a new stake in shares of Valvoline in the 4th quarter worth $44,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Valvoline by 138.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 1,114 shares during the period. Hedge funds and other institutional investors own 91.04% of the company’s stock.
Valvoline Company Profile
Valvoline Inc manufactures, markets, and supplies, engine and automotive maintenance products and services. It operates through two segments, Retail Services and Global Products. The company offers lubricants for passenger car, light duty, and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications; and oil and air filters for light-duty vehicles.