Valvoline Inc (NYSE:VVV) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.71.
A number of equities research analysts have issued reports on the company. ValuEngine cut Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Seaport Global Securities cut shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research note on Wednesday, November 22nd. Longbow Research lifted their price objective on shares of Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, SunTrust Banks restated a “hold” rating and set a $25.00 price objective on shares of Valvoline in a research note on Friday, November 10th.
In related news, insider Anthony R. Puckett sold 4,294 shares of Valvoline stock in a transaction dated 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 in the company, valued at $150,651.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $24.61, for a total transaction of $93,518.00. Following the completion of the sale, the senior vice president now owns 77 shares in the company, valued at $1,894.97. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.
Valvoline (NYSE VVV) traded up $0.31 during mid-day trading on Monday, reaching $25.06. The company’s stock had a trading volume of 1,472,100 shares, compared to its average volume of 1,367,292. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29. The company has a market capitalization of $5,058.02, a PE ratio of 16.82, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. Valvoline has a 12 month low of $20.99 and a 12 month high of $25.28.
Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $547.00 million during the quarter, compared to the consensus estimate of $528.14 million. Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. analysts predict that Valvoline will post 1.3 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.0745 per share. This is a boost from Valvoline’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Thursday, November 30th. Valvoline’s payout ratio is currently 20.13%.
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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