Valvoline (NYSE:VVV) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley upped their target price on shares of Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Seaport Global Securities downgraded shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Wednesday, November 22nd. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $22.00 target price (up from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $25.00 target price on shares of Valvoline in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.38.

Shares of Valvoline (NYSE VVV) traded down $0.08 during mid-day trading on Friday, hitting $24.58. 1,914,256 shares of the stock traded hands, compared to its average volume of 1,349,540. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.29 and a current ratio of 1.65. Valvoline has a 52-week low of $19.57 and a 52-week high of $25.07. The firm has a market cap of $4,893.07, a price-to-earnings ratio of 17.38, a P/E/G ratio of 2.28 and a beta of 1.62.

Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The company had revenue of $547.00 million during the quarter, compared to analyst estimates of $528.14 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. analysts forecast that Valvoline will post 1.27 EPS for the current fiscal year.

In related news, insider Anthony R. Puckett sold 4,294 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.33, for a total transaction of $104,473.02. Following the sale, the insider now directly owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. City Holding Co. purchased a new stake in shares of Valvoline in the 2nd quarter valued at approximately $128,000. Pacer Advisors Inc. increased its position in shares of Valvoline by 630.1% in the 1st quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock valued at $137,000 after purchasing an additional 4,808 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Valvoline by 600.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 5,486 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Valvoline in the 2nd quarter valued at approximately $183,000. Finally, Legal & General Group Plc increased its position in shares of Valvoline by 1,210.5% in the 1st quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock valued at $201,000 after purchasing an additional 7,578 shares during the last quarter. 92.20% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Valvoline (NYSE:VVV)

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