Valvoline Inc. (VVV) Receives $25.38 Consensus Target Price from Brokerages
Shares of Valvoline Inc. (NYSE:VVV) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $25.14.
A number of research firms recently issued reports on VVV. Zacks Investment Research lowered Valvoline from a “buy” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks, Inc. reissued a “hold” rating and set a $25.00 price target on shares of Valvoline in a research note on Friday, November 10th. Morgan Stanley increased their price target on Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Finally, J P Morgan Chase & Co reissued 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.
Several hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings 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 last quarter. Wedbush Securities Inc. lifted its holdings in Valvoline by 15.6% in the second quarter. Wedbush Securities Inc. now owns 17,375 shares of the basic materials company’s stock worth $412,000 after acquiring an additional 2,345 shares during the last quarter. Eos Focused Equity Management L.P. lifted its holdings in 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 worth $5,473,000 after acquiring an additional 2,531 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Valvoline by 13.8% in the third quarter. Brown Advisory Inc. now owns 24,401 shares of the basic materials company’s stock worth $571,000 after acquiring an additional 2,967 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Valvoline by 11.5% in the third quarter. Pacer Advisors Inc. now owns 41,778 shares of the basic materials company’s stock worth $980,000 after acquiring an additional 4,315 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.
Valvoline (NYSE VVV) traded down $0.40 during midday trading on Friday, reaching $24.47. The company’s stock had a trading volume of 2,092,898 shares, compared to its average volume of 1,345,558. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29. Valvoline has a 52 week low of $19.57 and a 52 week high of $25.07. The firm has a market cap of $4,713.06, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.22 and a beta of 1.62.
Valvoline (NYSE:VVV) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $547.00 million for the quarter, compared to analysts’ expectations of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. Valvoline’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. research analysts predict that Valvoline will post 1.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.0745 per share. The ex-dividend date is Thursday, November 30th. This is an increase from Valvoline’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 1.22%. Valvoline’s dividend payout ratio (DPR) is currently 13.42%.
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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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