Valvoline Inc. (NYSE:VVV) Receives $47.57 Consensus Price Target from Brokerages

Valvoline Inc. (NYSE:VVV) has earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $47.57.

Several equities research analysts recently weighed in on VVV shares. Baird R W upgraded Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Piper Sandler began coverage on shares of Valvoline in a report on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 target price on the stock. Royal Bank of Canada decreased their target price on shares of Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Citigroup increased their price target on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Robert W. Baird started coverage on shares of Valvoline in a research report on Thursday, August 15th. They issued an “outperform” rating and a $48.00 price objective on the stock.

Institutional Investors Weigh In On Valvoline

A number of large investors have recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Valvoline in the second quarter worth about $34,000. Mather Group LLC. grew its holdings in Valvoline by 1,617.0% in the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 760 shares during the period. Park Place Capital Corp increased its stake in shares of Valvoline by 176.9% during the first quarter. Park Place Capital Corp now owns 1,886 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 1,205 shares in the last quarter. Finally, YHB Investment Advisors Inc. purchased a new position in shares of Valvoline during the first quarter valued at approximately $106,000. Institutional investors own 96.13% of the company’s stock.

Valvoline Trading Down 1.1 %

Shares of VVV opened at $41.39 on Friday. Valvoline has a fifty-two week low of $29.15 and a fifty-two week high of $48.26. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 32.85 and a beta of 1.45. The firm has a 50 day moving average price of $41.69 and a 200-day moving average price of $42.38. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Valvoline had a return on equity of 182.88% and a net margin of 10.45%. The business had revenue of $421.00 million during the quarter, compared to the consensus estimate of $425.17 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts forecast that Valvoline will post 1.53 earnings per share for the current year.

Valvoline declared that its Board of Directors has approved a stock buyback program on Tuesday, July 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the basic materials company to purchase up to 7.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

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.