SunTrust Banks, Inc. reaffirmed their hold rating on shares of Valvoline Inc. (NYSE:VVV) in a report published on Friday. They currently have a $25.00 price objective on the basic materials company’s stock. SunTrust Banks also issued estimates for Valvoline’s Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $1.24 EPS.

Several other brokerages have also commented on VVV. Zacks Investment Research lowered shares of Valvoline from a hold rating to a sell rating in a research report on Saturday, August 5th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a $22.00 price objective (up previously from $20.00) on shares of Valvoline in a research report on Wednesday, August 9th. Finally, Morgan Stanley lifted their price objective on shares of Valvoline from $25.00 to $26.00 and gave the stock an equal weight rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $25.38.

Valvoline (NYSE VVV) traded down $0.66 during trading on Friday, reaching $23.04. 2,651,700 shares of the company traded hands, compared to its average volume of 1,321,506. Valvoline has a 1-year low of $18.31 and a 1-year high of $24.98. The stock has a market capitalization of $4,802.22, a PE ratio of 17.05, a PEG ratio of 2.66 and a beta of 1.62. The company has a current ratio of 1.65, a quick ratio of 1.09 and a debt-to-equity ratio of -8.84.

Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The firm had revenue of $547.00 million for the quarter, compared to analysts’ expectations of $528.14 million. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities analysts predict that Valvoline will post 1.24 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its position in Valvoline by 23.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,005 shares of the basic materials company’s stock worth $261,000 after acquiring an additional 2,105 shares during the period. Wedbush Securities Inc. raised its position in shares of Valvoline by 15.6% in the second quarter. Wedbush Securities Inc. now owns 17,375 shares of the basic materials company’s stock valued at $412,000 after purchasing an additional 2,345 shares during the period. Eos Focused Equity Management L.P. raised its position in shares of Valvoline by 1.1% in the second quarter. Eos Focused Equity Management L.P. now owns 230,749 shares of the basic materials company’s stock valued at $5,473,000 after purchasing an additional 2,531 shares during the period. Pacer Advisors Inc. raised its position in shares of Valvoline by 11.5% in the third quarter. Pacer Advisors Inc. now owns 41,778 shares of the basic materials company’s stock valued at $980,000 after purchasing an additional 4,315 shares during the period. Finally, M&T Bank Corp raised its position in shares of Valvoline by 55.5% in the second quarter. M&T Bank Corp now owns 12,888 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 4,602 shares during the period. 92.46% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Company Profile

Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.

Analyst Recommendations for Valvoline (NYSE:VVV)

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