Royal Bank Of Canada Cuts Valvoline (NYSE:VVV) Price Target to $46.00

Valvoline (NYSE:VVV) had its price objective decreased by Royal Bank Of Canada from $47.00 to $46.00 in a research note published on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the basic materials company’s stock.

Several other brokerages also recently issued reports on VVV. Roth Capital restated a “buy” rating and issued a $46.00 price objective on shares of Valvoline in a research report on Friday, May 8th. JPMorgan Chase & Co. upgraded Valvoline from an “underweight” rating to a “neutral” rating and set a $35.00 price objective for the company in a research report on Friday, May 29th. Zacks Research raised shares of Valvoline from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Valvoline in a report on Friday, May 29th. Finally, New Street Research set a $47.00 target price on shares of Valvoline in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.56.

Valvoline Trading Down 0.5%

Shares of Valvoline stock opened at $35.44 on Thursday. Valvoline has a 1 year low of $28.50 and a 1 year high of $41.33. The company has a debt-to-equity ratio of 3.77, a current ratio of 0.70 and a quick ratio of 0.61. The business has a 50 day moving average price of $38.10 and a 200 day moving average price of $35.79. The company has a market capitalization of $4.52 billion, a P/E ratio of 44.30 and a beta of 1.00.

Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $544.60 million for the quarter, compared to analysts’ expectations of $543.21 million. Valvoline had a return on equity of 65.12% and a net margin of 5.17%.Valvoline’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. Valvoline has set its FY 2026 guidance at 1.700-1.750 EPS. Sell-side analysts anticipate that Valvoline will post 1.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Valvoline news, CFO J Kevin Willis acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $31.80 per share, for a total transaction of $318,000.00. Following the completion of the acquisition, the chief financial officer directly owned 32,725 shares of the company’s stock, valued at $1,040,655. This trade represents a 44.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan L. Caldwell sold 2,851 shares of Valvoline stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $40.00, for a total value of $114,040.00. Following the completion of the sale, the insider directly owned 20,918 shares of the company’s stock, valued at approximately $836,720. This represents a 11.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders purchased 14,100 shares of company stock worth $450,877. 0.66% of the stock is owned by company insiders.

Institutional Trading of Valvoline

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VVV. Alpine Woods Capital Investors LLC increased its stake in shares of Valvoline by 2.5% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 10,866 shares of the basic materials company’s stock valued at $316,000 after acquiring an additional 267 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Valvoline by 1.0% in the second quarter. Orion Porfolio Solutions LLC now owns 28,510 shares of the basic materials company’s stock worth $1,080,000 after acquiring an additional 277 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Valvoline by 4.2% in the fourth quarter. Quadrant Capital Group LLC now owns 7,912 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 319 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Valvoline by 20.3% in the fourth quarter. UMB Bank n.a. now owns 1,906 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 321 shares during the last quarter. Finally, SummitTX Capital L.P. grew its holdings in Valvoline by 3.8% in the fourth quarter. SummitTX Capital L.P. now owns 9,008 shares of the basic materials company’s stock valued at $262,000 after purchasing an additional 326 shares during the period. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Valvoline Company Profile

Valvoline (NYSE: VVV) is a leading global producer and distributor of automotive and industrial lubricants. The company’s portfolio spans engine oils, gear oils, transmission fluids, greases, coolants and driveline products, all designed to help improve vehicle performance and longevity. Valvoline’s products are marketed under the Valvoline®, Valvoline NextGen® and Valvoline™ SynPower® brand names and are formulated to meet the stringent requirements of passenger cars, light trucks, heavy‐duty vehicles and off‐road applications.

In addition to its core lubricant business, Valvoline operates one of North America’s largest quick‐lubricant service networks through Valvoline Instant Oil Change℠ (VIOC).