Valvoline (NYSE:VVV) Price Target Cut to $42.00 by Analysts at Mizuho

Valvoline (NYSE:VVV) had its price objective trimmed by Mizuho from $46.00 to $42.00 in a report issued on Monday,Benzinga reports. The firm currently has an outperform rating on the basic materials company’s stock.

Several other research firms have also weighed in on VVV. Royal Bank of Canada dropped their price target on Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Stephens started coverage on Valvoline in a report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price on the stock. Robert W. Baird decreased their price target on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Stifel Nicolaus assumed coverage on shares of Valvoline in a research note on Friday, December 20th. They issued a “hold” rating and a $42.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.33.

Valvoline Trading Up 0.3 %

NYSE VVV opened at $34.92 on Monday. The firm’s 50 day moving average price is $38.85 and its two-hundred day moving average price is $41.04. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 21.56 and a beta of 1.45. Valvoline has a twelve month low of $33.86 and a twelve month high of $48.26. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72.

Insider Buying and Selling at Valvoline

In other news, CEO Lori Ann Flees bought 2,500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $39.64 per share, for a total transaction of $99,100.00. Following the purchase, the chief executive officer now owns 38,428 shares of the company’s stock, valued at $1,523,285.92. This represents a 6.96 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Robert Travis Dobbins sold 1,914 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the transaction, the chief technology officer now directly owns 14,956 shares of the company’s stock, valued at approximately $598,240. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On Valvoline

Institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP grew its holdings in Valvoline by 16.8% in the 3rd quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company’s stock valued at $407,541,000 after buying an additional 1,398,310 shares during the last quarter. Sculptor Capital LP boosted its position in shares of Valvoline by 187.6% in the second quarter. Sculptor Capital LP now owns 1,879,500 shares of the basic materials company’s stock valued at $81,194,000 after acquiring an additional 1,226,000 shares during the period. Geneva Capital Management LLC acquired a new stake in shares of Valvoline in the third quarter worth $32,670,000. Fiera Capital Corp bought a new position in Valvoline during the third quarter worth $25,538,000. Finally, Bank of Montreal Can raised its stake in Valvoline by 438.7% during the 3rd quarter. Bank of Montreal Can now owns 308,699 shares of the basic materials company’s stock valued at $12,919,000 after purchasing an additional 251,398 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors.

About Valvoline

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.