Valvoline (NYSE:VVV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “
A number of other equities research analysts have also weighed in on VVV. ValuEngine lowered shares of Valvoline from a “hold” rating to a “sell” rating in a report on Monday, June 11th. Morgan Stanley reduced their price target on shares of Valvoline from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 2nd. Monness Crespi & Hardt reduced their price target on shares of Valvoline from $28.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 3rd. Finally, Seaport Global Securities restated a “hold” rating and issued a $25.00 price target on shares of Valvoline in a report on Tuesday, August 7th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.43.
Shares of VVV opened at $21.86 on Thursday. Valvoline has a 1-year low of $19.86 and a 1-year high of $25.63. The stock has a market cap of $4.11 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.44 and a beta of 0.97. The company has a debt-to-equity ratio of -4.27, a current ratio of 1.86 and a quick ratio of 1.40.
Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Valvoline had a net margin of 10.10% and a negative return on equity of 124.61%. The company had revenue of $577.00 million for the quarter, compared to the consensus estimate of $591.49 million. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. research analysts forecast that Valvoline will post 1.29 EPS for the current fiscal year.
In other news, insider Anthony R. Puckett sold 6,132 shares of the business’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $21.72, for a total value of $133,187.04. Following the completion of the sale, the insider now owns 5,445 shares in the company, valued at approximately $118,265.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.07% of the company’s stock.
Large investors have recently bought and sold shares of the company. Bristol John W & Co. Inc. NY bought a new stake in shares of Valvoline in the 1st quarter valued at about $151,000. TLP Group LLC purchased a new position in shares of Valvoline in the 1st quarter worth approximately $208,000. Cullen Frost Bankers Inc. purchased a new position in shares of Valvoline in the 1st quarter worth approximately $248,000. GSA Capital Partners LLP purchased a new position in shares of Valvoline in the 2nd quarter worth approximately $245,000. Finally, Jane Street Group LLC purchased a new position in shares of Valvoline in the 2nd quarter worth approximately $280,000. Institutional investors and hedge funds own 99.64% of the company’s stock.
Valvoline Company Profile
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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