Valvoline Inc (VVV) Given Consensus Rating of “Hold” by Brokerages
Shares of Valvoline Inc (NYSE:VVV) have been given an average rating of “Hold” by the twelve analysts that are covering the firm. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.78.
VVV has been the topic of several research reports. Zacks Investment Research raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, January 27th. Monness Crespi & Hardt raised their price target on shares of Valvoline from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, January 30th. Finally, Seaport Global Securities downgraded shares of Valvoline from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research note on Tuesday, January 31st.
A number of institutional investors have recently modified their holdings of the company. Perkins Investment Management LLC purchased a new position in shares of Valvoline during the third quarter worth approximately $5,625,000. Lazard Asset Management LLC purchased a new position in shares of Valvoline during the third quarter worth approximately $29,145,000. HBK Investments L P purchased a new position in shares of Valvoline during the third quarter worth approximately $2,349,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Valvoline during the third quarter worth approximately $965,000. Finally, Omega Advisors Inc. purchased a new position in shares of Valvoline during the third quarter worth approximately $8,703,000. 18.50% of the stock is currently owned by institutional investors.
Shares of Valvoline (NYSE:VVV) traded down 1.48% during mid-day trading on Friday, hitting $22.61. 8,985,641 shares of the stock traded hands. The firm has a 50 day moving average of $23.31 and a 200 day moving average of $22.28. Valvoline has a 12 month low of $18.30 and a 12 month high of $24.98. The company has a market cap of $4.62 billion and a P/E ratio of 16.38.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The business had revenue of $514 million during the quarter, compared to analysts’ expectations of $501.04 million. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Equities analysts anticipate that Valvoline will post $1.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, May 30th.
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Valvoline Company Profile
Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
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