Valvoline (VVV) Receives $25.75 Average Price Target from Analysts
Valvoline (NYSE:VVV) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $25.75.
A number of research analysts have issued reports on VVV shares. Goldman Sachs Group Inc. started coverage on shares of Valvoline in a report on Tuesday, October 18th. They issued a “neutral” rating and a $24.00 target price on the stock. Monness Crespi & Hardt cut their price objective on shares of Valvoline from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, November 10th. Gabelli lowered shares of Valvoline from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Zacks Investment Research lowered shares of Valvoline from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Bank of America Corp. began coverage on shares of Valvoline in a report on Tuesday, October 18th. They set a “buy” rating and a $27.00 price objective on the stock.
In other Valvoline news, CEO Samuel J. Mitchell bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was purchased at an average price of $22.00 per share, with a total value of $550,000.00. Following the transaction, the chief executive officer now owns 25,000 shares in the company, valued at $550,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen E. Macadam bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The shares were acquired at an average cost 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 disclosure for this purchase can be found here.
A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD purchased a new stake in shares of Valvoline during the third quarter valued at about $112,547,000. OZ Management LP purchased a new stake in shares of Valvoline during the third quarter valued at about $29,492,000. Lazard Asset Management LLC purchased a new stake in shares of Valvoline during the third quarter valued at about $29,145,000. Incline Global Management LLC purchased a new stake in shares of Valvoline during the third quarter valued at about $28,049,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Valvoline during the third quarter valued at about $25,369,000.
Valvoline (NYSE:VVV) opened at 21.09 on Tuesday. The company has a 50 day moving average of $21.21 and a 200-day moving average of $21.69. Valvoline has a one year low of $18.30 and a one year high of $24.51. The firm has a market cap of $4.32 billion and a PE ratio of 15.86.
Valvoline (NYSE:VVV) last released its 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 business had revenue of $494 million for the quarter, compared to the consensus estimate of $487.50 million. The company’s quarterly revenue 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, equities research analysts predict that Valvoline will post $1.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Investors of record on Monday, December 5th will be given a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, December 1st.
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