Valvoline Inc. (VVV) Downgraded to “Hold” at Zacks Investment Research
Valvoline Inc. (NYSE:VVV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
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. “
A number of other analysts have also issued reports on the company. Morgan Stanley increased their target price on Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday. SunTrust Banks, Inc. restated a “hold” rating and issued a $25.00 target price on shares of Valvoline in a report on Friday. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $22.00 target price (up previously from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.38.
Valvoline (NYSE:VVV) traded up $0.04 on Tuesday, hitting $23.08. The stock had a trading volume of 1,682,700 shares, compared to its average volume of 1,323,156. The stock has a market capitalization of $4,668.48, a price-to-earnings ratio of 16.58, a P/E/G ratio of 2.59 and a beta of 1.62. Valvoline has a one year low of $18.72 and a one year high of $24.98. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29.
Valvoline (NYSE:VVV) last released its earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The business had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $528.14 million. Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. Valvoline’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. equities analysts expect that Valvoline will post 1.24 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new position in shares of Valvoline in the second quarter worth $183,000. Legal & General Group Plc increased its stake in shares of Valvoline by 1,210.5% in the first quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after acquiring an additional 7,578 shares during the last quarter. Oakbrook Investments LLC acquired a new position in shares of Valvoline in the second quarter worth $204,000. First Allied Advisory Services Inc. acquired a new position in shares of Valvoline in the second quarter worth $201,000. Finally, Fruth Investment Management acquired a new position in shares of Valvoline in the second quarter worth $208,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.
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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