Valvoline Inc. (NYSE:VVV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “

Separately, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $22.00 price objective (up previously from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Valvoline currently has an average rating of “Hold” and an average price target of $25.40.

Valvoline (NYSE:VVV) opened at 24.10 on Thursday. The stock has a market cap of $4.88 billion and a price-to-earnings ratio of 21.10. Valvoline has a 12 month low of $18.30 and a 12 month high of $24.98. The stock’s 50 day moving average price is $23.26 and its 200-day moving average price is $23.26.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The business had revenue of $534.00 million for the quarter, compared to analyst estimates of $530.57 million. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that Valvoline will post $1.37 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ngam Advisors L.P. boosted its position in Valvoline by 4.4% during the first quarter. Ngam Advisors L.P. now owns 18,595 shares of the basic materials company’s stock worth $457,000 after purchasing an additional 776 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Valvoline by 23.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,005 shares of the basic materials company’s stock worth $261,000 after purchasing an additional 2,105 shares in the last quarter. Wedbush Securities Inc. boosted its position in Valvoline by 15.6% during the second quarter. Wedbush Securities Inc. now owns 17,375 shares of the basic materials company’s stock worth $412,000 after purchasing an additional 2,345 shares in the last quarter. Eos Focused Equity Management L.P. boosted its position in Valvoline by 1.1% during the second quarter. Eos Focused Equity Management L.P. now owns 230,749 shares of the basic materials company’s stock worth $5,473,000 after purchasing an additional 2,531 shares in the last quarter. Finally, M&T Bank Corp boosted its position in Valvoline by 55.5% during the second quarter. M&T Bank Corp now owns 12,888 shares of the basic materials company’s stock worth $306,000 after purchasing an additional 4,602 shares in the last quarter. Institutional investors own 92.34% of the company’s stock.

About Valvoline

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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Analyst Recommendations for Valvoline (NYSE:VVV)

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