Valvoline (NYSE:VVV – Get Free Report) The price target was lowered by Royal Bank of Canada stock analysts from $54.00 to $48.00 in a note to investors on Thursday, Benzinga reports. The brokerage currently rates the basic materials company’s stock as “outperform.” Royal Bank of Canada’s price target would imply a potential upside of 20.39% from the stock’s last closing price.
Other research analysts have also issued research reports on the company. Wells Fargo & Company lowered their price target on Valvoline from $50.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday. Piper Sandler began coverage on Valvoline shares in a report on Wednesday, June 12. They gave an “overweight” rating and a $49.00 price target for the company. Finally, Citigroup raised their price target on Valvoline shares from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, July 19. Four analysts have rated the stock with a “hold” rating and five have given a “buy” rating. Based on data from MarketBeat.com, Valvoline currently has an average rating of Moderate Buy and an average price target of $44.75.
Check out our latest Valvoline stock report
Valvoline share price development
NYSE:VVV shares rose $0.11 on Thursday, reaching $39.87. 1,702,684 shares of the company traded hands, compared to an average volume of 1,226,201. The company’s 50-day moving average is $43.26 and its 200-day moving average is $42.18. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 15.83. Valvoline has a 52-week low of $29.15 and a 52-week high of $48.26. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 31.64 and a beta of 1.43.
Valvoline (NYSE:VVV – Get Free Report) last released its quarterly earnings results on Wednesday, August 7. The basic materials company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Valvoline had a return on equity of 136.59% and a net margin of 11.78%. The company had revenue of $421.00 million during the quarter, compared to analyst estimates of $425.17 million. In the same quarter last year, the company generated earnings per share of $0.43. Valvoline’s revenue grew 11.9% compared to the same quarter last year. As a group, equities analysts forecast that Valvoline will post earnings per share of $1.61 for the current year.
Hedge funds comment on Valvoline
Large investors have recently been buying and selling shares of the company. Blue Trust Inc. increased its stake in Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after buying an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Valvoline shares in the second quarter valued at about $34,000. GAMMA Investing LLC acquired a new stake in Valvoline shares in the fourth quarter valued at about $35,000. Mather Group LLC. increased its stake in Valvoline by 1,617.0% in the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after buying an additional 760 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in Valvoline in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 96.13% of the company’s shares.
About Valvoline
(Get free report)
Valvoline Inc. operates and distributes vehicle service centers and retail stores in the United States and Canada. Through its service centers, the company offers engine oil, transmission and differential fluid, and coolant replacement; battery, filter, wiper blade and belt parts replacement; and safety services such as tire pressure and replacement, light bulbs, and safety checks.
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