Valvoline (NYSE:VVV) had its price target cut by stock analysts at Monness Crespi & Hardt from $27.00 to $26.00 in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective points to a potential upside of 37.57% from the stock’s previous close.

VVV has been the topic of several other research reports. SunTrust Banks Inc. initiated coverage on shares of Valvoline in a research note on Tuesday, October 18th. They set a “hold” rating and a $25.00 price objective on the stock. Bank of America Corp. initiated coverage on shares of Valvoline in a research note on Tuesday, October 18th. They set a “buy” rating and a $27.00 price objective on the stock. Citigroup Inc. initiated coverage on shares of Valvoline in a research note on Tuesday, October 18th. They set a “buy” rating and a $27.00 price objective on the stock. Seaport Global Securities initiated coverage on shares of Valvoline in a research note on Monday, September 26th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Gabelli initiated coverage on shares of Valvoline in a research note on Wednesday, September 21st. They set a “buy” rating and a $29.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.11.

Analyst Recommendations for Valvoline (NYSE:VVV)

Shares of Valvoline (NYSE:VVV) opened at 18.90 on Thursday. The firm has a 50-day moving average price of $21.93 and a 200-day moving average price of $21.93. The firm has a market capitalization of $3.78 billion and a PE ratio of 15.70. Valvoline has a 1-year low of $18.30 and a 1-year high of $24.51.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.03. The company had revenue of $494 million for the quarter, compared to analysts’ expectations of $487.50 million. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. On average, analysts forecast that Valvoline will post $1.28 EPS for the current fiscal year.

In related news, CFO Mary E. Meixelsperger acquired 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average cost of $22.00 per share, for a total transaction of $55,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at approximately $55,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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, with a total value of $66,000.00. Following the completion of the acquisition, the insider now directly owns 3,000 shares of the company’s stock, valued at $66,000. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in Valvoline during the third quarter valued at about $8,831,000. Laurion Capital Management LP bought a new position in Valvoline during the third quarter valued at about $5,285,000. DSAM Partners London Ltd bought a new position in Valvoline during the third quarter valued at about $6,014,000. Epoch Investment Partners Inc. bought a new position in Valvoline during the third quarter valued at about $24,563,000. Finally, Morgan Stanley bought a new position in Valvoline during the third quarter valued at about $613,000.

5 Day Chart for NYSE:VVV

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