Valvoline Inc. (VVV) Receives Consensus Rating of “Hold” from Brokerages
Valvoline Inc. (NYSE:VVV) has been given an average recommendation of “Hold” by the twelve research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $25.40.
VVV has been the topic of a number of recent research reports. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, June 7th. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, June 7th. Deutsche Bank AG restated a “hold” rating and set a $23.00 price objective (up from $22.00) on shares of Valvoline in a research report on Saturday, June 3rd. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $22.00 price objective (up from $20.00) on shares of Valvoline in a research report on Wednesday, August 9th.
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Valvoline (NYSE:VVV) traded down 0.70% during trading on Tuesday, hitting $21.30. 332,186 shares of the company traded hands. The firm has a market capitalization of $4.32 billion and a P/E ratio of 18.65. Valvoline has a 12-month low of $18.30 and a 12-month high of $24.98. The stock has a 50-day moving average price of $22.43 and a 200-day moving average price of $23.00.
Valvoline (NYSE:VVV) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $534 million during the quarter, compared to analysts’ expectations of $530.57 million. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts expect that Valvoline will post $1.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.049 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.92%. Valvoline’s dividend payout ratio is 15.50%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Valvoline by 362.7% in the second quarter. Vanguard Group Inc. now owns 17,555,939 shares of the basic materials company’s stock worth $416,427,000 after buying an additional 13,761,975 shares in the last quarter. BlackRock Inc. boosted its position in Valvoline by 1,119.3% in the second quarter. BlackRock Inc. now owns 16,915,393 shares of the basic materials company’s stock worth $401,234,000 after buying an additional 15,528,107 shares in the last quarter. Boston Partners boosted its position in Valvoline by 344.0% in the second quarter. Boston Partners now owns 9,213,982 shares of the basic materials company’s stock worth $218,556,000 after buying an additional 7,138,800 shares in the last quarter. Evercore Trust Company N.A. acquired a new position in Valvoline during the second quarter worth approximately $136,610,000. Finally, State Street Corp boosted its position in Valvoline by 1,123.5% in the second quarter. State Street Corp now owns 5,259,138 shares of the basic materials company’s stock worth $124,750,000 after buying an additional 4,829,291 shares in the last quarter. 92.34% of the stock is currently owned by hedge funds and other institutional investors.
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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