Robert W. Baird Initiates Coverage on Valvoline (NYSE:VVV)

Robert W. Baird began coverage on shares of Valvoline (NYSE:VVV) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm issued an outperform rating and a $48.00 price target on the basic materials company’s stock.

Several other equities analysts have also issued reports on VVV. Royal Bank of Canada decreased their target price on Valvoline from $54.00 to $48.00 and set an outperform rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company decreased their target price on Valvoline from $50.00 to $46.00 and set an overweight rating on the stock in a research note on Thursday, August 8th. Citigroup increased their target price on Valvoline from $45.00 to $48.00 and gave the stock a neutral rating in a research note on Friday, July 19th. Finally, Piper Sandler assumed coverage on Valvoline in a research note on Wednesday, June 12th. They set an overweight rating and a $49.00 target price on the stock. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Valvoline currently has an average rating of Moderate Buy and a consensus target price of $46.25.

Valvoline Stock Performance

Shares of Valvoline stock opened at $40.91 on Thursday. Valvoline has a 52 week low of $29.15 and a 52 week high of $48.26. The business’s fifty day simple moving average is $43.17 and its 200-day simple moving average is $42.38. The firm has a market cap of $5.27 billion, a PE ratio of 32.47 and a beta of 1.43. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 10.57.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). Valvoline had a net margin of 10.45% and a return on equity of 182.88%. The business had revenue of $421.00 million during the quarter, compared to analyst estimates of $425.17 million. During the same period last year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities analysts forecast that Valvoline will post 1.54 earnings per share for the current year.

Institutional Investors Weigh In On Valvoline

Hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC acquired a new stake in Valvoline in the 4th quarter valued at about $1,049,000. Inspire Advisors LLC acquired a new stake in Valvoline in the 1st quarter valued at about $237,000. Congress Asset Management Co. MA increased its holdings in shares of Valvoline by 6.5% in the 1st quarter. Congress Asset Management Co. MA now owns 3,499,430 shares of the basic materials company’s stock valued at $155,970,000 after acquiring an additional 212,428 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Valvoline by 239.6% in the 4th quarter. BNP Paribas Financial Markets now owns 58,436 shares of the basic materials company’s stock valued at $2,196,000 after acquiring an additional 41,227 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Valvoline by 309.1% in the 4th quarter. US Bancorp DE now owns 36,332 shares of the basic materials company’s stock valued at $1,365,000 after acquiring an additional 27,450 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Valvoline Company Profile

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.