Valvoline Inc. (VVV) Given Consensus Recommendation of “Hold” by Brokerages

Valvoline Inc. (NYSE:VVV) has earned a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $25.00.

VVV has been the topic of a number of analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $25.00 price target on shares of Valvoline in a research report on Friday, November 10th. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Saturday, October 21st. Seaport Global Securities lowered Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research report on Wednesday, November 22nd. ValuEngine lowered Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Morgan Stanley upped their price target on Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th.

In other news, insider Anthony R. Puckett sold 4,294 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the transaction, the senior vice president now directly owns 77 shares in the company, valued at $1,894.97. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in shares of Valvoline by 23.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,005 shares of the basic materials company’s stock valued at $261,000 after purchasing an additional 2,105 shares during the period. Wedbush Securities Inc. raised its stake in Valvoline by 15.6% during the 2nd quarter. Wedbush Securities Inc. now owns 17,375 shares of the basic materials company’s stock worth $412,000 after buying an additional 2,345 shares during the period. Eos Focused Equity Management L.P. raised its stake in Valvoline by 1.1% during the 2nd quarter. Eos Focused Equity Management L.P. now owns 230,749 shares of the basic materials company’s stock worth $5,473,000 after buying an additional 2,531 shares during the period. Brown Advisory Inc. raised its stake in Valvoline by 13.8% during the 3rd quarter. Brown Advisory Inc. now owns 24,401 shares of the basic materials company’s stock worth $571,000 after buying an additional 2,967 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Valvoline by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 41,778 shares of the basic materials company’s stock worth $980,000 after buying an additional 4,315 shares during the period. 92.19% of the stock is currently owned by institutional investors.

Valvoline (NYSE VVV) traded up $0.07 during midday trading on Thursday, hitting $24.53. The company’s stock had a trading volume of 1,149,417 shares, compared to its average volume of 1,360,745. Valvoline has a 1 year low of $19.86 and a 1 year high of $25.07. The company has a market cap of $4,891.04, a price-to-earnings ratio of 17.37, a PEG ratio of 2.28 and a beta of 1.62. 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 quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The company had revenue of $547.00 million during the quarter, compared to the consensus estimate of $528.14 million. During the same quarter last year, the firm posted $0.35 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. analysts forecast that Valvoline will post 1.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.0745 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Valvoline’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, November 30th. Valvoline’s payout ratio is currently 20.13%.

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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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