Valvoline (NYSE:VVV) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Valvoline (NYSE:VVV - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $42.54.

A number of research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Valvoline from a "hold" rating to a "buy" rating and raised their target price for the stock from $40.00 to $45.00 in a research note on Tuesday, June 3rd. Wells Fargo & Company decreased their price objective on shares of Valvoline from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. TD Securities assumed coverage on Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 target price for the company. Piper Sandler restated an "overweight" rating and issued a $44.00 price target (down previously from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Finally, TD Cowen assumed coverage on shares of Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target for the company.

Insider Buying and Selling

In related news, CEO Lori Ann Flees purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $33.78 per share, with a total value of $101,340.00. Following the completion of the acquisition, the chief executive officer directly owned 46,614 shares in the company, valued at $1,574,620.92. This represents a 6.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Valvoline

Several large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Valvoline by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock valued at $59,435,000 after buying an additional 16,912 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Valvoline by 1.7% in the first quarter. Yousif Capital Management LLC now owns 46,208 shares of the basic materials company's stock valued at $1,608,000 after acquiring an additional 794 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Valvoline during the 1st quarter worth about $496,000. Private Advisor Group LLC acquired a new position in shares of Valvoline in the fourth quarter valued at approximately $223,000. Finally, Avantax Advisory Services Inc. boosted its position in Valvoline by 33.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 15,909 shares of the basic materials company's stock worth $576,000 after acquiring an additional 4,013 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company's stock.

Valvoline Price Performance

Shares of Valvoline stock opened at $37.89 on Tuesday. The firm has a market cap of $4.82 billion, a PE ratio of 18.39 and a beta of 1.17. Valvoline has a twelve month low of $31.02 and a twelve month high of $48.27. The business has a 50-day moving average price of $35.31 and a 200 day moving average price of $35.77. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 4.23.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Valvoline had a net margin of 15.97% and a return on equity of 106.36%. The company had revenue of $403.20 million during the quarter, compared to analysts' expectations of $405.38 million. During the same period in the prior year, the business posted $0.37 earnings per share. The company's quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts predict that Valvoline will post 1.63 earnings per share for the current fiscal year.

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.

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