Valvoline (NYSE:VVV) was downgraded by investment analysts at Gabelli from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

VVV has been the topic of a number of other reports. SunTrust Banks Inc. initiated coverage on Valvoline in a report on Tuesday, October 18th. They issued a “hold” rating and a $25.00 price target on the stock. Bank of America Corp. initiated coverage on Valvoline in a report on Tuesday, October 18th. They issued a “buy” rating and a $27.00 price target on the stock. Citigroup Inc. initiated coverage on Valvoline in a report on Tuesday, October 18th. They issued a “buy” rating and a $27.00 price target on the stock. Seaport Global Securities assumed coverage on Valvoline in a report on Monday, September 26th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Morgan Stanley assumed coverage on Valvoline in a research note on Tuesday, October 18th. They set an “equal weight” rating and a $26.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.11.

Analyst Recommendations for Valvoline (NYSE:VVV)

Shares of Valvoline (NYSE:VVV) opened at 19.80 on Thursday. The stock has a market cap of $3.96 billion and a PE ratio of 16.45. Valvoline has a 12 month low of $18.30 and a 12 month high of $24.51. The firm has a 50-day moving average price of $22.11 and a 200-day moving average price of $22.11.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. The firm earned $494 million during the quarter, compared to analyst estimates of $487.50 million. During the same quarter in the previous year, the company earned $0.28 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that Valvoline will post $1.34 EPS for the current year.

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

A number of hedge funds have recently modified their holdings of VVV. Emerald Acquisition Ltd. purchased a new stake in shares of Valvoline during the third quarter worth approximately $263,000. JBF Capital Inc. purchased a new stake in shares of Valvoline during the third quarter worth approximately $512,000. Bank of New York Mellon Corp purchased a new stake in shares of Valvoline during the third quarter worth approximately $581,000. SG Americas Securities LLC purchased a new stake in shares of Valvoline during the third quarter worth approximately $638,000. Finally, Tdam USA Inc. purchased a new stake in shares of Valvoline during the third quarter worth approximately $998,000.

5 Day Chart for NYSE:VVV

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