Stock analysts at Goldman Sachs Group Inc. initiated coverage on shares of Valvoline (NYSE:VVV) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating on the stock.

Several other analysts have also recently weighed in on VVV. Monness Crespi & Hardt assumed coverage on shares of Valvoline in a report on Tuesday, September 27th. They issued a “buy” rating and a $27.00 target price on the stock. Gabelli assumed coverage on shares of Valvoline in a report on Wednesday, September 21st. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Seaport Global Securities assumed coverage on shares of Valvoline in a report on Monday, September 26th. They issued a “buy” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $27.67.

Shares of Valvoline (NYSE:VVV) opened at 23.11 on Tuesday. The stock has a market cap of $4.62 billion and a price-to-earnings 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. Valvoline has a 12 month low of $22.60 and a 12 month high of $24.51.

In related news, Director Stephen E. Macadam purchased 5,000 shares of the company’s stock in a transaction on Wednesday, September 28th. The shares were bought at an average cost of $22.00 per share, for a total transaction of $110,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $110,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mary E. Meixelsperger purchased 2,500 shares of the company’s stock in a transaction on Wednesday, September 28th. The stock was bought at an average price of $22.00 per share, for a total transaction of $55,000.00. Following the completion of the purchase, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at $55,000. The disclosure for this purchase can be found here.

5 Day Chart for NYSE:VVV

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