Valvoline Inc. (NYSE:VVV) Receives $45.33 Consensus PT from Brokerages

Valvoline Inc. (NYSE:VVV) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $45.33.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Mizuho dropped their price objective on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday. Robert W. Baird decreased their target price on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Stifel Nicolaus assumed coverage on Valvoline in a research report on Friday, December 20th. They set a “hold” rating and a $42.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th.

Valvoline Price Performance

VVV stock opened at $34.92 on Tuesday. The stock has a market cap of $4.48 billion, a PE ratio of 21.56 and a beta of 1.45. Valvoline has a 12 month low of $33.86 and a 12 month high of $48.26. The company has a 50-day moving average price of $38.75 and a 200 day moving average price of $40.99. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77.

Insider Activity at Valvoline

In related news, CTO Robert Travis Dobbins sold 1,914 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total value of $76,560.00. Following the completion of the transaction, the chief technology officer now directly owns 14,956 shares in the company, valued at $598,240. The trade was a 11.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lori Ann Flees purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average price of $39.64 per share, for a total transaction of $99,100.00. Following the transaction, the chief executive officer now owns 38,428 shares of the company’s stock, valued at $1,523,285.92. This trade represents a 6.96 % increase in their position. The disclosure for this purchase can be found here. 0.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Valvoline

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in shares of Valvoline by 16.8% during the third quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company’s stock worth $407,541,000 after purchasing an additional 1,398,310 shares in the last quarter. State Street Corp boosted its stake in Valvoline by 0.4% during the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock worth $171,436,000 after purchasing an additional 16,916 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of Valvoline by 2.8% during the third quarter. Congress Asset Management Co. now owns 3,656,672 shares of the basic materials company’s stock worth $153,032,000 after buying an additional 100,305 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Valvoline by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,720,748 shares of the basic materials company’s stock valued at $117,534,000 after buying an additional 94,673 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Valvoline by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock worth $93,215,000 after buying an additional 54,545 shares in the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

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.