Valvoline Inc. (VVV) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Valvoline Inc. (NYSE:VVV) have earned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $25.40.
A number of brokerages recently commented on VVV. Zacks Investment Research raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, June 28th. Deutsche Bank AG reaffirmed 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. J P Morgan Chase & Co reaffirmed 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. Finally, Seaport Global Securities raised shares of 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.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake 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 valued at $416,427,000 after acquiring an additional 13,761,975 shares during the last quarter. BlackRock Inc. lifted its stake 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 valued at $401,234,000 after acquiring an additional 15,528,107 shares during the last quarter. Boston Partners lifted its stake in Valvoline by 344.0% in the second quarter. Boston Partners now owns 9,213,982 shares of the basic materials company’s stock valued at $218,556,000 after acquiring an additional 7,138,800 shares during the last quarter. Evercore Trust Company N.A. acquired a new stake in Valvoline in the second quarter valued at approximately $136,610,000. Finally, State Street Corp lifted its stake 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 valued at $124,750,000 after acquiring an additional 4,829,291 shares during the last quarter. Hedge funds and other institutional investors own 92.34% of the company’s stock.
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Valvoline (NYSE:VVV) traded up 1.27% during trading on Friday, reaching $23.20. 1,207,545 shares of the company’s stock were exchanged. Valvoline has a 52 week low of $18.30 and a 52 week high of $24.98. The company’s 50 day moving average price is $22.55 and its 200-day moving average price is $22.55. The stock has a market capitalization of $4.70 billion and a price-to-earnings ratio of 20.32.
Valvoline (NYSE:VVV) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). Valvoline had a net margin of 13.00% and a negative return on equity of 106.06%. The company had revenue of $534.00 million for the quarter, compared to analysts’ expectations of $530.57 million. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that Valvoline will post $1.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 30th. Valvoline’s dividend payout ratio (DPR) is presently 15.50%.
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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