Robert W. Baird Begins Coverage on Valvoline (NYSE:VVV)

Robert W. Baird started coverage on shares of Valvoline (NYSE:VVV) in a research report released on Thursday, MarketBeat.com reports. The firm issued an outperform rating and a $48.00 target price on the basic materials company’s stock.

Several other research firms have also weighed in on VVV. Wells Fargo & Company dropped their price objective on shares of Valvoline from $50.00 to $46.00 and set an overweight rating on the stock in a research note on Thursday, August 8th. Piper Sandler started coverage on shares of Valvoline in a research report on Wednesday, June 12th. They set an overweight rating and a $49.00 target price on the stock. Citigroup upped their target price on Valvoline from $45.00 to $48.00 and gave the stock a neutral rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada decreased their price target on shares of Valvoline from $54.00 to $48.00 and set an outperform rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $46.25.

Valvoline Stock Up 0.1 %

NYSE:VVV opened at $40.91 on Thursday. The stock has a 50-day simple moving average of $43.17 and a 200 day simple moving average of $42.34. Valvoline has a one year low of $29.15 and a one year high of $48.26. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 32.47 and a beta of 1.43. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73.

Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). The business had revenue of $421.00 million for the quarter, compared to analyst estimates of $425.17 million. Valvoline had a return on equity of 182.88% and a net margin of 10.45%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Sell-side analysts predict that Valvoline will post 1.54 EPS for the current fiscal year.

Institutional Trading of Valvoline

A number of hedge funds and other institutional investors have recently modified their holdings of VVV. Blue Trust Inc. lifted 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 valued at $32,000 after acquiring an additional 267 shares during the last quarter. Evergreen Capital Management LLC increased its stake in Valvoline by 6.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 6,292 shares of the basic materials company’s stock worth $272,000 after acquiring an additional 359 shares during the period. Quadrant Capital Group LLC lifted its position in Valvoline by 23.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,940 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 364 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Valvoline by 6.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,045 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 403 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Valvoline by 2.0% in the second quarter. Victory Capital Management Inc. now owns 27,158 shares of the basic materials company’s stock valued at $1,173,000 after acquiring an additional 537 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

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.