Analysts at Morgan Stanley started coverage on shares of Valvoline (NYSE:VVV) in a note issued to investors on Tuesday. The brokerage set an “equal weight” rating on the stock.

Several other brokerages also recently commented on VVV. SunTrust Banks Inc. assumed coverage on Valvoline in a report on Tuesday. They issued a “hold” rating on the stock. Deutsche Bank AG assumed coverage on Valvoline in a report on Tuesday. They issued a “hold” rating on the stock. Citigroup Inc. assumed coverage on Valvoline in a report on Tuesday. They issued a “buy” rating on the stock. Goldman Sachs Group Inc. assumed coverage on Valvoline in a report on Tuesday. They issued a “neutral” rating on the stock. Finally, Bank of America Corp. assumed coverage on Valvoline in a report on Tuesday. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.67.

Analyst Recommendations for Valvoline (NYSE:VVV)

Valvoline (NYSE:VVV) opened at 23.11 on Tuesday. Valvoline has a one year low of $22.60 and a one year high of $24.51. The firm has a market capitalization of $4.62 billion and a PE ratio of 19.19. The company has a 50 day moving average price of $23.27 and a 200-day moving average price of $23.27.

In related news, insider Sara K. Stensrud acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was bought at an average price of $22.00 per share, for a total transaction of $66,000.00. Following the acquisition, the insider now directly owns 3,000 shares of the company’s stock, valued at $66,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mary E. Meixelsperger acquired 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was bought at an average price of $22.00 per share, with a total value of $55,000.00. Following the acquisition, the chief financial officer now directly owns 2,500 shares in the company, valued at $55,000. The disclosure for this purchase can be found here.

5 Day Chart for NYSE:VVV

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