Wall Street Zen Upgrades Valvoline (NYSE:VVV) to Hold

by · The Cerbat Gem

Wall Street Zen upgraded shares of Valvoline (NYSE:VVV – Free Report) from a sell rating to a hold rating in a report issued on Monday morning.

Several other brokerages also recently commented on VVV. Cfra Research raised Valvoline to a “hold” rating in a research note on Monday, July 7th. Stephens increased their price objective on Valvoline from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Wells Fargo & Company increased their price objective on Valvoline from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Piper Sandler increased their price objective on Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Finally, Zacks Research raised Valvoline to a “hold” rating in a research note on Tuesday, August 12th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Valvoline has a consensus rating of “Moderate Buy” and a consensus price target of $42.77.

Read Our Latest Report on VVV

Valvoline Stock Down 0.1%

Shares of NYSE:VVV opened at $40.63 on Monday. The business’s 50 day simple moving average is $38.20 and its two-hundred day simple moving average is $36.30. The firm has a market cap of $5.16 billion, a P/E ratio of 18.90 and a beta of 1.21. 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 52-week low of $31.01 and a 52-week high of $43.74.

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

Insider Activity at Valvoline

In other Valvoline news, CFO J Kevin Willis purchased 12,725 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average cost 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 of the company’s stock, valued at $501,492.25. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.66% of the company’s stock.

Institutional Trading of Valvoline

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc increased its position in shares of Valvoline by 24.9% during the first quarter. IFP Advisors Inc now owns 2,832 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 565 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Valvoline by 101.5% during the first quarter. GAMMA Investing LLC now owns 2,170 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 1,093 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Valvoline during the first quarter valued at approximately $316,000. GSA Capital Partners LLP purchased a new stake in shares of Valvoline during the first quarter valued at approximately $865,000. Finally, Yousif Capital Management LLC increased its position in Valvoline by 1.7% in the first quarter. Yousif Capital Management LLC now owns 46,208 shares of the basic materials company’s stock worth $1,608,000 after buying an additional 794 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Valvoline Company Profile

(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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