Valvoline Inc. (NYSE: VVV) Receives Average “Conservation” Rating from Brokerages
Valvoline Inc. (NYSE: VVV) has received a consensus recommendation to “Hold” by the nine rating companies that currently cover the company, reports MarketBeat. Three investment analysts gave the stock a conservation rating and two gave the company a buy rating. The twelve-month average target price among brokers who hedged the stock in the past year is $ 32.29.
A number of research analysts have recently published reports on the stock. Zacks Investment Research upgraded Valvoline shares from a “sell” rating to a “keep” rating in a research report published on Tuesday, August 10. Morgan Stanley raised its target price on Valvoline shares from $ 31.00 to $ 34.00 and gave the company an “equal weight” rating in a research report released on Monday, August 9.
In other Valvoline news, insider Julie Marie O’daniel sold 4,969 shares in a deal dated Friday, August 20. The shares were sold at an average price of $ 29.81, for a total trade of $ 148,125.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through this hyperlink. Company insiders own 0.62% of the company’s shares.
Hedge funds and other institutional investors have recently changed their holdings in the company. Advisory Services Network LLC acquired a new position in Valvoline during the second quarter valued at $ 30,000. National Huntington Bank increased its stake in Valvoline by 3,963.0% in the second quarter. Huntington National Bank now owns 1,097 shares of the basic materials company valued at $ 36,000 after purchasing an additional 1,070 shares in the last quarter. Rockefeller Capital Management LP increased its stake in Valvoline by 272.7% in the 2nd quarter. Rockefeller Capital Management LP now owns 1,390 shares of the basic materials company valued at $ 45,000 after purchasing an additional 1,017 shares in the last quarter. Jacobi Capital Management LLC purchased a new position in Valvoline in the 2nd quarter for a value of approximately $ 47,000. Finally, Key Financial Inc increased its stake in Valvoline by 1,318.5% in the 2nd quarter. Key Financial Inc now owns 2,681 shares of the basic materials company valued at $ 82,000 after purchasing an additional 2,492 shares in the last quarter. Institutional investors hold 92.59% of the shares of the company.
VVV stock opened at $ 31.76 on Thursday. The company has a quick ratio of 1.52, a current ratio of 2.00 and a debt ratio of 73.52. Valvoline has a 12 month low of $ 18.34 and a 12 month high of $ 34.65. The company has a market cap of $ 5.74 billion, a P / E ratio of 15.49 and a beta of 1.44. The company’s 50-day moving average price is $ 31.00 and its two-hundred-day moving average price is $ 30.78.
Valvoline (NYSE: VVV) last released its results on Wednesday, August 4. The basic materials company reported EPS of $ 0.55 for the quarter, beating the consensus estimate of $ 0.45 by $ 0.10. Valvoline had a net margin of 13.37% and a negative return on equity of 841.46%. The company posted revenue of $ 792.00 million for the quarter, compared to the consensus estimate of $ 752.80 million. During the same period last year, the company made EPS of $ 0.26. The company’s turnover increased by 53.5% compared to the same quarter last year. Equity analysts predict that Valvoline will post 1.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 15. Investors of record on Monday, August 30, received a dividend of $ 0.125 per share. This represents a dividend of $ 0.50 on an annualized basis and a return of 1.57%. The ex-dividend date of this dividend was Friday, August 27. Valvoline’s payout rate is 33.78%.
Valvoline Company Profile
Valvoline, Inc is engaged in the production, marketing and supply of automotive and engine maintenance products and services. The company operates through three segments: Quick Lubes, Core North America and International. The Quick Lubes segment provides services to the passenger car and light truck rapid lubrication market through company-owned and independent retail quick lubrication service centers and independent express maintenance stores that serve vehicles with valvoline products.
Feature article: Return on equity (ROE)
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Valvoline now?
Before you consider Valvoline, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the top five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Valvoline was not on the list.
While Valvoline currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.
See the 5 actions here