Valvoline (VVV) Earns Buy Rating from Analysts at Bank of America Corp.
A number of other brokerages also recently weighed in on VVV. Monness Crespi & Hardt began coverage on shares of Valvoline in a report on Tuesday, September 27th. They issued a “buy” rating and a $27.00 price target for the company. Goldman Sachs Group Inc. initiated coverage on shares of Valvoline in a research note on Tuesday. They set a “neutral” rating for the company. Seaport Global Securities initiated coverage on shares of Valvoline in a research note on Monday, September 26th. They set a “buy” rating and a $27.00 price objective for the company. Finally, Gabelli initiated coverage on shares of Valvoline in a research note on Wednesday, September 21st. They set a “buy” rating and a $29.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Valvoline presently has an average rating of “Buy” and an average price target of $27.67.
Shares of Valvoline (NYSE:VVV) opened at 23.11 on Tuesday. Valvoline has a one year low of $22.60 and a one year high of $24.51. The stock has a market capitalization of $4.62 billion and a P/E ratio of 19.19. The stock’s 50 day moving average is $23.27 and its 200-day moving average is $23.27.
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In other Valvoline news, CEO Samuel J. Mitchell bought 25,000 shares of the company’s stock in a transaction dated Wednesday, September 28th. The shares were bought at an average price of $22.00 per share, for a total transaction of $550,000.00. Following the acquisition, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at $550,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen E. Macadam bought 5,000 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average price of $22.00 per share, for a total transaction of $110,000.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $110,000. The disclosure for this purchase can be found here.
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