Valvoline Inc. (VVV) Price Target Raised to $26.00 at Morgan Stanley
Valvoline Inc. (NYSE:VVV) had its price target lifted by Morgan Stanley from $25.00 to $26.00 in a research report report published on Friday morning. The brokerage currently has an equal weight rating on the basic materials company’s stock.
Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded Valvoline from a hold rating to a buy rating and set a $27.00 price target for the company in a research note on Saturday, October 21st. J P Morgan Chase & Co reiterated a neutral rating and set a $22.00 price target (up previously from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $25.38.
Shares of Valvoline (NYSE VVV) traded down $0.66 during mid-day trading on Friday, reaching $23.04. The company’s stock had a trading volume of 2,651,700 shares, compared to its average volume of 1,321,506. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.09 and a current ratio of 1.65. Valvoline has a 12 month low of $18.31 and a 12 month high of $24.98. The firm has a market cap of $4,802.22, a price-to-earnings ratio of 17.05, a P/E/G ratio of 2.66 and a beta of 1.62.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $547.00 million for the quarter, compared to the consensus estimate of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. sell-side analysts forecast that Valvoline will post 1.24 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in VVV. BlackRock Inc. boosted its stake in shares of Valvoline by 1,119.3% during the 2nd quarter. BlackRock Inc. now owns 16,915,393 shares of the basic materials company’s stock worth $401,234,000 after acquiring an additional 15,528,107 shares in the last quarter. Vanguard Group Inc. boosted its stake in Valvoline by 362.7% during the 2nd quarter. Vanguard Group Inc. now owns 17,555,939 shares of the basic materials company’s stock valued at $416,427,000 after purchasing an additional 13,761,975 shares during the period. Boston Partners boosted its stake in Valvoline by 344.0% during the 2nd quarter. Boston Partners now owns 9,213,982 shares of the basic materials company’s stock valued at $218,556,000 after purchasing an additional 7,138,800 shares during the period. Evercore Trust Company N.A. bought a new stake in Valvoline during the 2nd quarter valued at approximately $136,610,000. Finally, Janus Henderson Group PLC bought a new stake in Valvoline during the 2nd quarter valued at approximately $118,964,000. Institutional investors own 92.46% of the company’s stock.
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.
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