JPMorgan Chase & Co. Raises Valvoline (VVV) Price Target to $23.00

Valvoline (NYSE:VVV) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $22.00 to $23.00 in a research report issued on Monday. The firm presently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 0.78% from the stock’s current price.

VVV has been the topic of a number of other reports. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 price target on shares of Valvoline in a research note on Friday, November 10th. Zacks Investment Research raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Saturday, October 21st. Seaport Global Securities downgraded shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research note on Wednesday, November 22nd. ValuEngine downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Longbow Research upped their price target on shares of Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.86.

Valvoline (NYSE:VVV) opened at $23.18 on Monday. Valvoline has a one year low of $20.99 and a one year high of $25.63. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of -5.91. The firm has a market cap of $4,637.52, a price-to-earnings ratio of 21.27, a PEG ratio of 2.02 and a beta of 0.84.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Valvoline had a net margin of 10.37% and a negative return on equity of 148.14%. The business had revenue of $545.00 million for the quarter, compared to the consensus estimate of $530.10 million. During the same period in the prior year, the business posted $0.35 earnings per share. Valvoline’s revenue for the quarter was up 11.5% compared to the same quarter last year. research analysts predict that Valvoline will post 1.34 EPS for the current fiscal year.

In related news, SVP Thomas A. Gerrald II sold 3,800 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the sale, the senior vice president now directly owns 77 shares in the company, valued at $1,894.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $24.33, for a total transaction of $104,473.02. Following the completion of the sale, the insider now owns 6,192 shares of the company’s stock, valued at $150,651.36. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

Large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC boosted its holdings in Valvoline by 600.2% in the third quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 5,486 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Valvoline in the second quarter worth $183,000. Leavell Investment Management Inc. bought a new stake in Valvoline in the fourth quarter worth $206,000. HighTower Advisors LLC bought a new stake in Valvoline in the second quarter worth $218,000. Finally, Dean Capital Investments Management LLC bought a new stake in Valvoline in the fourth quarter worth $254,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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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.

Analyst Recommendations for Valvoline (NYSE:VVV)

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