Mizuho Lowers Valvoline (NYSE:VVV) Price Target to $42.00

by · The Markets Daily

Valvoline (NYSE:VVV – Get Free Report) had its price objective cut by equities research analysts at Mizuho from $46.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Mizuho’s price target points to a potential upside of 20.59% from the stock’s previous close.

A number of other brokerages have also issued reports on VVV. Morgan Stanley cut their price target on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Stifel Nicolaus began coverage on Valvoline in a research note on Friday, December 20th. They issued a “hold” rating and a $42.00 target price on the stock. Royal Bank of Canada lowered their price target on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Stephens started coverage on Valvoline in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price objective on the stock. Finally, 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 report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.33.

View Our Latest Research Report on Valvoline

Valvoline Stock Performance

NYSE:VVV opened at $34.83 on Monday. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. Valvoline has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The firm has a market cap of $4.47 billion, a PE ratio of 21.50 and a beta of 1.45. The business has a 50 day moving average price of $39.10 and a 200-day moving average price of $41.13.

Insider Buying and Selling at Valvoline

In other news, CEO Lori Ann Flees bought 2,500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $39.64 per share, with a total value of $99,100.00. Following the completion of the acquisition, the chief executive officer now owns 38,428 shares of the company’s stock, valued at approximately $1,523,285.92. This represents a 6.96 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles M. Sonsteby purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of $39.50 per share, for a total transaction of $395,000.00. Following the acquisition, the director now owns 26,437 shares of the company’s stock, valued at approximately $1,044,261.50. The trade was a 60.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On Valvoline

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Valvoline by 0.4% in the third 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. Natixis Advisors LLC raised its position in Valvoline by 8.1% in the 3rd quarter. Natixis Advisors LLC now owns 422,989 shares of the basic materials company’s stock worth $17,702,000 after buying an additional 31,661 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Valvoline by 28.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 126,232 shares of the basic materials company’s stock valued at $5,453,000 after acquiring an additional 28,254 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Valvoline during the 3rd quarter valued at about $4,628,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Valvoline by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock valued at $93,215,000 after acquiring an additional 54,545 shares during the last quarter. 96.13% of the stock is owned by institutional investors.

About Valvoline

(Get Free Report)

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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