Valvoline (VVV) Coverage Initiated at Goldman Sachs Group Inc.
A number of other analysts have also recently issued reports on VVV. Gabelli initiated coverage on Valvoline in a report on Wednesday, September 21st. They set a “buy” rating and a $29.00 target price for the company. Seaport Global Securities initiated coverage on Valvoline in a report on Monday, September 26th. They set a “buy” rating and a $27.00 target price for the company. Finally, Monness Crespi & Hardt initiated coverage on Valvoline in a report on Tuesday, September 27th. They set a “buy” rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Valvoline currently has an average rating of “Buy” and an average target price of $27.67.
Valvoline (NYSE:VVV) opened at 23.11 on Tuesday. The firm has a 50-day moving average of $23.27 and a 200 day moving average of $23.27. The stock has a market capitalization of $4.62 billion and a price-to-earnings ratio of 19.19. Valvoline has a 52 week low of $22.60 and a 52 week high of $24.51.
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In related news, Director Stephen E. Macadam purchased 5,000 shares of Valvoline stock in a transaction that occurred on Wednesday, September 28th. The shares were purchased at an average cost of $22.00 per share, with a total value of $110,000.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $110,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mary E. Meixelsperger purchased 2,500 shares of Valvoline stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average cost of $22.00 per share, for a total transaction of $55,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,500 shares in the company, valued at approximately $55,000. The disclosure for this purchase can be found here.
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