Piper Sandler Increases Valvoline (NYSE:VVV) Price Target to $50.00

Key Points

• Piper Sandler has increased Valvoline's price target from $44.00 to $50.00, indicating a potential upside of 25.58% based on the stock's previous close.
• Valvoline recently reported $0.47 EPS for the quarter, slightly exceeding the consensus estimate of $0.46 EPS, along with a year-over-year revenue increase of 4.2%.
• Recent analyst ratings reveal nine analysts have given Valvoline a Buy rating while maintaining a consensus target price of $42.77.

Valvoline (NYSE:VVV - Get Free Report) had its target price lifted by Piper Sandler from $44.00 to $50.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the basic materials company's stock. Piper Sandler's price objective suggests a potential upside of 25.58% from the stock's previous close.

VVV has been the subject of a number of other reports. Cfra Research raised shares of Valvoline to a "hold" rating in a report on Monday, July 7th. The Goldman Sachs Group raised shares of Valvoline from a "hold" rating to a "buy" rating and boosted their target price for the company from $40.00 to $45.00 in a research note on Tuesday, June 3rd. Wells Fargo & Company lifted their target price on Valvoline from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Stephens boosted their target price on Valvoline from $40.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen downgraded Valvoline from a "hold" rating to a "sell" rating in a research report on Sunday. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.77.

Valvoline Trading Up 2.0%

VVV traded up $0.77 on Monday, reaching $39.81. 327,054 shares of the company's stock were exchanged, compared to its average volume of 1,708,193. The company has a debt-to-equity ratio of 3.37, a quick ratio of 0.60 and a current ratio of 0.73. Valvoline has a twelve month low of $31.01 and a twelve month high of $43.74. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 18.47 and a beta of 1.21. The company's 50 day moving average is $38.02 and its 200-day moving average is $36.11.

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

Insider Transactions at Valvoline

In related news, CFO J Kevin Willis bought 12,725 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $39.41 per share, with a total value of $501,492.25. Following the completion of the transaction, the chief financial officer owned 12,725 shares in the company, valued at $501,492.25. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Cooke & Bieler LP bought a new stake in Valvoline during the 2nd quarter worth approximately $110,501,000. Boston Partners acquired a new stake in Valvoline in the first quarter valued at $82,748,000. Norges Bank bought a new position in shares of Valvoline during the second quarter worth about $57,739,000. Mawer Investment Management Ltd. increased its position in Valvoline by 118.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 2,678,878 shares of the basic materials company's stock valued at $101,449,000 after purchasing an additional 1,454,458 shares during the period. Finally, Channing Capital Management LLC increased its position in shares of Valvoline by 189.8% during the second quarter. Channing Capital Management LLC now owns 2,163,631 shares of the basic materials company's stock worth $81,937,000 after buying an additional 1,417,156 shares during the period. 96.13% of the stock is owned by institutional investors.

Valvoline Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.