Analysts Set Valvoline (NYSE:VVV) Target Price at $42.62

Valvoline (NYSE:VVV) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $42.6154.

VVV has been the subject of several recent analyst reports. Stephens lifted their price target on Valvoline from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Zacks Research raised Valvoline to a “hold” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valvoline in a research report on Wednesday, October 8th. Piper Sandler boosted their target price on Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Wall Street Zen lowered Valvoline from a “hold” rating to a “sell” rating in a research report on Friday, September 26th.

Valvoline Price Performance

VVV opened at $32.09 on Monday. The stock has a 50-day moving average price of $36.35 and a 200-day moving average price of $36.42. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60. The firm has a market cap of $4.08 billion, a PE ratio of 14.93 and a beta of 1.18. Valvoline has a 1 year low of $31.01 and a 1 year high of $43.74.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $436.35 million. Valvoline had a return on equity of 84.85% and a net margin of 16.43%.Valvoline’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. Sell-side analysts predict that Valvoline will post 1.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Valvoline news, CFO J Kevin Willis bought 12,725 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $39.41 per share, with a total value of $501,492.25. Following the transaction, the chief financial officer owned 12,725 shares in the company, valued at $501,492.25. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On Valvoline

A number of hedge funds have recently bought and sold shares of VVV. Hantz Financial Services Inc. grew its stake in shares of Valvoline by 16.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,838 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 404 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Valvoline by 37.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 63,442 shares of the basic materials company’s stock valued at $2,278,000 after purchasing an additional 17,401 shares during the period. State of Wyoming grew its stake in shares of Valvoline by 43.7% during the 3rd quarter. State of Wyoming now owns 10,259 shares of the basic materials company’s stock valued at $368,000 after purchasing an additional 3,122 shares during the period. Keybank National Association OH grew its stake in shares of Valvoline by 19.1% during the 3rd quarter. Keybank National Association OH now owns 16,417 shares of the basic materials company’s stock valued at $590,000 after purchasing an additional 2,628 shares during the period. Finally, AlphaQuest LLC grew its stake in shares of Valvoline by 248.0% during the 3rd quarter. AlphaQuest LLC now owns 31,780 shares of the basic materials company’s stock valued at $1,141,000 after purchasing an additional 22,648 shares during the period. Hedge funds and other institutional investors own 96.13% of the company’s stock.

About Valvoline

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.