Brokerages Set Valvoline (NYSE:VVV) Target Price at $42.31

Key Points

• Valvoline (NYSE:VVV) has received a consensus recommendation of **"Moderate Buy"** from fifteen brokerages, with an average target price of **$42.31** for the next year.
• CEO Lori Ann Flees and CFO J Kevin Willis recently purchased shares of Valvoline, indicating significant **insider confidence** in the company's stock.
• Valvoline reported earnings of **$0.47 per share**, exceeding analysts' expectations and showing a **4.2% revenue increase** year-over-year.

Shares of Valvoline (NYSE:VVV - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $42.3077.

A number of research firms have weighed in on VVV. Zacks Research upgraded Valvoline to a "hold" rating in a research report on Tuesday, August 12th. Citigroup cut their target price on Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley cut their target price on Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Piper Sandler restated an "overweight" rating and issued a $44.00 target price (down from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Finally, The Goldman Sachs Group upgraded Valvoline from a "hold" rating to a "buy" rating and upped their target price for the stock from $40.00 to $45.00 in a research report on Tuesday, June 3rd.

Insider Buying and Selling at Valvoline

In related news, CFO J Kevin Willis purchased 12,725 shares of the company's stock in a transaction on Thursday, August 14th. The shares were bought at an average price of $39.41 per share, with a total value of $501,492.25. Following the completion of the acquisition, the chief financial officer owned 12,725 shares of the company's stock, valued at approximately $501,492.25. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lori Ann Flees purchased 3,000 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of $33.78 per share, for a total transaction of $101,340.00. Following the acquisition, the chief executive officer directly owned 46,614 shares of the company's stock, valued at $1,574,620.92. This represents a 6.88% increase in their position. The disclosure for this purchase can be found here. 0.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Maseco LLP bought a new position in shares of Valvoline in the second quarter valued at $27,000. Opal Wealth Advisors LLC bought a new position in shares of Valvoline in the first quarter valued at $35,000. Elevation Point Wealth Partners LLC bought a new position in shares of Valvoline in the second quarter valued at $43,000. American National Bank & Trust bought a new position in shares of Valvoline in the first quarter valued at $40,000. Finally, Parallel Advisors LLC grew its position in Valvoline by 67.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,164 shares of the basic materials company's stock worth $44,000 after purchasing an additional 469 shares in the last quarter. Institutional investors own 96.13% of the company's stock.

Valvoline Price Performance

VVV traded up $0.9680 during trading on Wednesday, reaching $39.8480. The stock had a trading volume of 857,417 shares, compared to its average volume of 1,745,813. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 18.53 and a beta of 1.17. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 3.37. Valvoline has a 1-year low of $31.01 and a 1-year high of $43.74. The stock has a 50 day moving average of $37.63 and a two-hundred day moving average of $36.12.

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

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.